# Prof. Roy Smith on how regulatory constraints will affect trading

1 Faculty News March 19, 2012 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025700.jpg?itok=LSPbU2V1)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/1bc4865c-71ac-11e1-8497-00144feab49a.html#axzz1pZhoy3Ck) -- "We are going into a dark tunnel of regulatory constraints on trading, and the effects on markets are still uncertain. ... We've been on a 20-year journey towards more deregulated markets, but the pendulum is swinging back towards more regulation."

[Read more](http://www.ft.com/intl/cms/s/0/1bc4865c-71ac-11e1-8497-00144feab49a.html#axzz1pZhoy3Ck)