A response to Obama's reform plan
Markets reacted with a sharp fall in bank shares and subsequent highs in trading volumes in the foreign exchange market. Volumes traded on EBS Spot reached $210 billion on January 21 – levels not seen since March 2009.
And then the responses from the industry most likely to be affected – hedge funds – flooded in. Andrew Baker, chief executive at the Alternative Investment Management Association said: "Although the proposals could create welcome opportunities for the global hedge fund industry
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