Market mourns loss of Model Code author

Nolan was most recently a director of FX and money market training firm ArbiTrain, but had been in the global FX and derivatives markets for over 30 years. As a chief dealer and treasurer during the 1970s and 1980s, he was one of the first dealers in the financial markets to embrace financial futures and options. This work led to him becoming a founder member of the London International Financial Futures and Options Exchange when it was established in 1982.

The Model Code was an attempt by

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