INTL FCStone Abandons Cleartrade Acquisition Plans
The original agreement would have seen INTL FCStone acquire voting rights immediately, with an option to acquire up to 90 percent of equity in the Singapore-based bourse over the next five years.
"Uncertainty associated with recent changes in US regulatory requirements for Exempt Commercial Markets, which CLTX intends to address through its application to be registered in the US with the Commodity Futures Trading Commission (CFTC) as a Foreign Board of Trade (and through interim registration as
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