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Markets Brace for Change as EU Unveils 800-Page Rule Book

Firms that make more than 75,000 trades a day may be classed as high-frequency traders and face tougher rules as part of the European Union’s overhaul of its capital markets.

The 28-nation bloc’s top markets regulator today made public 844 pages of proposed rules that would subject high-frequency traders to curbs, make bond markets more transparent and introduce position limits for commodity derivatives, with the aim of boosting confidence in the financial system.