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ICAP Chief Blasts Derivatives Exchange Monopoly

Michael Spencer, ceo of the interbroker-dealer ICAP, has criticized European regulators for ignoring derivatives exchange’s monopolistic behavior, reports Financial News.

Michael Spencer, ceo of the interbroker-dealer ICAP, has criticized European regulators for ignoring derivatives exchange’s monopolistic behavior. “It’s incredible that this issue hasn’t attracted the attention of the antitrust authority before,” said Spencer.

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