Single stock futures (SSFs) exchanges continue to face
hurdles when trying to attract new users in the securities
industry, industry participants told FO Week.
Industry executives differ on the cause and the severity of
the problem. The lack of trading technology for securities
firms, limited education on the product and conflicts with
other profitable business areas are the main obstacles. Yet,
all are optimistic that equities traders and firms themselves
are showing increased interest in SSFs.
Tom Ascher, ceo of Nasdaq Liffe Markets (NQLX), told FO Week
that the lack of service from securities back-office technology
providers was, up until now, "a silent barrier to entry for a
lot of major players". This barrier is now being lifted, and
"bodes well for our ability to start to march in this space,"
he said. According to Ascher, the delay on the part of the
securities back office firms is due to their inexperience of
security futures margining. "This is familiar to every FCM in
the country, but is a foreign language to the securities
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