Dodd-Frank prop desk carve-out creates potential restructuring risks
Requirements under the Dodd-Frank Act for financial services firms to spin off their proprietary trading operations into independent units have left questions unanswered over the restructuring options available, and the impact on ownership of intellectual property such as algorithmic trading code.
The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into US law on July 21, will require banks to spin off proprietary trading operations into independent units.
How these new, spun
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