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Oil traders threaten London market exit
2015-10-26 04:53:03| Oil & Gas - Topix.net
Some of the world's largest oil traders are threatening to pull their business from London's derivative exchanges because of tough new European rules that would place limits on their ability to manage price swings. Oil majors including BP and Royal Dutch Shell , and large independent traders such as Trafigura, may be unable to hedge their financial exposures to the contents of more than a handful of oil tankers under current proposals from the European Commission.
Tags: market
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Category:Energy and Environment