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Contacts are non-committal on how.......>

MARKET TALK
MARKET TALK: Contacts are non-committal on how liquidity will develop this year.
So far, volumes are low and MiFid II is not helping. There is talk about
salespeople forced to do more admin work. Perhaps, procedures will become more
automatic and the dust has to settle on how people adapt to the new rules. 
- But significantly, with the ECB buying a lot less going forward, its dampening
effect upon liquidity will be lifted quite nicely.

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