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Responsibility for detecting market abuse looms over buyside

Smaller traders used to leave it to the sellside to spot spoofers and other wrongdoers. From July, they must do it themselves under EU rules

Surveillance selfie: EU rules will make firms responsible for monitoring their own trades
Surveillance selfie: EU rules will make firms responsible for monitoring their own trades Photo: iStockphoto / FN montage

A nice break by the sea might be out of the question for compliance officers at European trading and investment firms this summer.

Instead of being at the beach building sandcastles, they are more likely to be at the office building surveillance systems to monitor their own staff.

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