In a wide-ranging discussion with SmartBrief about international regulatory-reform efforts, CME Group's executive director of government relations, Jonathan Jachym, touched on market infrastructure, high-frequency trading and the sometimes opaque manner in which some U.S. regulators are handling certain aspects of rule writing and implementation. Jachym also expressed concern about the size of the European Securities and Markets Authority's staff and how it will affect implementation of the European Market Infrastructure Regulation.

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