French stock market watchdog has urged to reduce the amount of securities traded on over-the-counter (OTC) markets, Financial Times reports. The Autorité des Marchés Financiers (AMF), aims to restrict the off-exchange equities trading to “complex transactions” that combine equities and derivatives.
The move comes as the regulator aims to detect the exact size of the OTC market. The size of the OTC market has been estimated at 15-40% of the overall European market, with the actual figure nearer the top end of the range, said Jean-Pierre Jouyet, Chairman of the agency.
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