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France’s AMF Seeks Less OTC Trades

French stock market watchdog has urged to reduce the amount of securities traded on over-the-counter markets.

    French stock market watchdog has urged to reduce the amount of securities traded on over-the-counter (OTC) markets,金融时报》reports. TheAutoritédes Marchés Financiers(AMF), aims to restrict the off-exchange equities trading to “complex transactions” that combine equities and derivatives.

    The move comes as the regulator aims to detect the exact size of the OTC market. The size of the OTC market has been estimated at 15-40% of the overall European market, with the actual figure nearer the top end of the range, saidJean-Pierre Jouyet, Chairman of the agency.

    Click here for the story from金融时报》.

    Click here for additional coverage fromThe Wall Street Journal.

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