WWhen we talk about confidence, it’s really interesting. I think the market doesn’t have confidence because there’s no clarity on the rules of the road of the game according to Washington”, said Duffy. "We’re looking at an equity market sitting at historical levels with nobody in it. That’s because nobody has a clear vision of what is going to happen whether it is Dodd-Frank or something else. The rules have yet to come out and be clear, so what happens is that keeps participants on the sidelines until they see what’s going to happen”, he said.
Asked what effect the debt ceiling debate in Washington would have on futures markets, Duffy said: ”We’ll have a little volatility leading up to it, and then we’ll just have to wait and see".
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