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Streamlining Cross-Border Trading

Foreign exchanges eye U.S. traders under SEC initiative

Traders Magazine, May 2008

Peter Chapman

Securities and Exchange Commission plans that would make it easier for foreign exchanges to operate in the U.S. are getting mixed reviews. Foreign stock exchanges see business opportunities in the SEC's proposed scheme of "mutual recognition." U.S. broker-dealers and others are uncertain, although cautiously optimistic. "We think it will make the U.K. market more attractive to U.S. investors," Adam Kinsley, the London Stock Exchange's director of regulation told Traders Magazine. "And that is something we are interested in doing."

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