A group of leading inter-dealer brokers have got together to launch an association to promote a better understanding of the critical role they play in the efficient functioning of financial markets and improve the quality and standards of the industry.
BGC Partners, GFI Group, Icap, Tradition and Tullett Prebon are behind the Wholesale Markets Brokers’ Association (WMBA) Americas, which says it will work with Congress and key public policymakers on future regulation and oversight of over-the-counter markets and their participants.
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