Friday night's Burgenstock dinner featured three regional buffets but, as ever, breathtaking views, fine wines and a few choice cuts of gossip and controversy were on the main menu for this year's SFOA conference.
Knowing me, knowing you
Among those making the annual journey up the mountain
was Jim McNulty, provoking a good deal of chatter on his
farewell tour from CME. Would this be his last visit to the
resort, or would we see him back next year, possibly flying the
Eurex flag? He surely doesn't need the money, but the irony
Whatever his plans, McNulty was keeping a relatively low
profile, leaving Bernie Dan as sole Chicago defender of the
floor on Saturday's Crossfire panel. Putting him up against
Eurex ceo Rudi Ferscha, head of Eurex's new clearing
corporation Dennis Dutterer, and former Eurex business-head
Andreas Preuss, not to mention the ever-entertaining but less
than impartial moderator Patrick Young, Firing Squad might have
been a more appropriate name. Obliged to defend a fairly
difficult position (open outcry still has a place in modern
markets; CBoT leads and others follow), Dan gave it his best
shot, but failed to come away unscathed from a rather
uncomfortably one-sided discussion.
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