Chinese clampdown on HFT may hinder new oil contract
Foreign firms may avoid Shanghai crude futures, some participants warn
Moves by Chinese authorities to tighten restrictions on high-frequency trading (HFT) may undermine the country's much-anticipated launch of a new crude oil futures contract that Beijing hopes will serve as an oil price benchmark for the Asia-Pacific region, market participants say.
China's regulatory climate has chilled in recent months as its stock markets have collapsed, prompting a series of government interventions that have eroded liquidity on venues such as the China Financial Futures
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