Clearing charges limiting growth

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High clearing charges are limiting the growth of Europe's capital market, and the European Commission should act now to open the clearing market to competition, according to delegates at the Swiss Futures and Options Association conference in Burgenstock, Switzerland, in mid-September.

Speakers said that the US markets had benefited from charges up to eight times lower than some European exchanges. "I think this is hurting business growth. Europe is lagging because the clearing side is too

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