Trend-following trading strategies in commodity futures a re-examination19 comments
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According to the CBb, establishing whether the WoK is breached is the task of the Netherlands Gaming Authority ( Kansspelautoriteit ). In this case, the Netherlands Gaming Authority did not establish that Optieclub breached the WoK. The CBb therefore ruled that as long as the breach of the WoK is not established, the AFM cannot claim that the activities of Optieclub damages the confidence in Optieclub or the financial markets.