Coredeal, an electronic exchange for international debt-related securities owned by the International Securities Market Association (ISMA) and thirteen major banks and securities houses, received formal recognition from the UK Financial Services Authority on May 25, ready for its launch on 31 May. Royston Lambert, Managing Director of the company, says that Coredeal will be required to meet high standards of market supervision in relation to monitoring trading activity. The exchange intends to

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