Over-the-counter options drop down under, says Afma
NEWS
The turnover of OTC options fell 37% for the period 2004 to 2005 to A$1,242 billion, down from the A$1,983 reported for the previous year.
Bernard Yeung, senior dealer at HSBC in Hong Kong, said the NAB scandal could have been one of the drivers of the drop. "The banks in Australia have probably tightened up, and will want to make sure these things don't happen again. They will want to wind down a little bit until the news and (negative) sentiment passes."
Relaxed rules enabling Australian
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