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The tougher rules, which generally require managers who trade options to provide more upfront collateral, are the result of a recent risk review undertaken by Jefferies. The change led volatility-arbitrage firm NorCap Advisors to abruptly switch prime brokers at yearend, causing Wed, 15 Jan A former ITG executive who was wrongly accused of misconduct at the firm, sidelining his career for years, is in late-stage preparations to launch a technology company that would execute trades for hedge funds. While the launch date is unclear, Mittal has been working on the project since

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