China Brokers Step Up FX Price Blackout
Tullett Prebon Sitico now confirms it has halted distribution of quotes for those products, joining CFETS-Icap, which stopped quoting them on Feb. 21. A TPS spokesperson says the broker has stopped quoting the products, but declines to confirm when the prices became unavailable.
"We stopped because we were operating in a policy vacuum," says a compliance officer at CFETS-Icap, adding that neither Chinese regulator-the State Administration of Foreign Exchange (SAFE) nor the China Banking
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