European Industry Council
|European Industry Council|
|Key People||Steve Sparke, Chairman and Founder|
The European Industry Council is a lobby group set up to represent the interests of European derivatives exchanges, clearing houses and dealers in the face of new rules being drawn up in January 2010 by European policy-makers that could change the face of trading in this market. It was formed under the auspices of the London-based Futures and Options Association.
The EIC will initially comprise representatives from these exchanges: ICE Futures Europe, the London Metal Exchange and NYSE Euronext; European clearing house company LCH.Clearnet; banks Deutsche Bank AG and Morgan Stanley; and brokerage Marex.
The proposed regulatory developments with which the EIC is concerned include a 'Tobin tax' on transactions, limitations on bank ownership of clearing houses and the supervision of OTC markets.
Products and Services
- ↑ European Derivatives Companies Form Regulatory Lobby Group. The Wall Street Journal.
- ↑ New futures, options group to focus on regulation. London South East.