The European arm of US structured products distributor Incapital stopped issuing structured products in the UK as of December 31, 2012. Industry participants attributed the move to margins, a more restrictive regulatory landscape and a distribution model that was not best suited to the UK market.
In total, three people have lost their jobs as a result of the firm's decision to pull out of the UK, including managing director James Chu. One trader in the UK has accepted a position at Incapital in
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