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Does this mean that Archegos and all its counterparties were not permitted to trade CFDs?
Does this mean that Archegos and all its counterparties were not permitted to trade CFDs?
It's not illegal for hedge funds.
I believe Archegos bought total return swaps. Those are different from CFDs, but I'm not sure how different they are. I'm not sure why one would be illegal (like CFDs are) and one would be legal (like total return swaps).