10.01 This chapter considers the markets for the trading of derivatives and commodities in the UK, which form an important part of the financial services industry of the City of London. Trading activities of the types described in this chapter—or, at any rate, their precursors—were conducted historically in the City of London—that is, the historic square mile of central London administered by the City of London Corporation. But over the past thirty years these activities have spread to neighbouring areas of west, central, and east London, and to the financial...
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