Time is nearly working out for 360T’s new UK-based platform to obtain a key buying and selling venue exemption from the Ontario Securities Fee (OSC) that may allow banks to hold on utilizing it for buying and selling with Canadian purchasers.
Canadian regulators require any platform that gives derivatives buying and selling companies – together with FX swaps, forwards and non-deliverable forwards – to Canadian entities to be a “Canadian trade”, as said within the Ontario Securities Act.
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