Unfinished regulation is leaving new entrants cautious about their approach to the market but technology will be a key differentiator, finds Dan Barnes.
Unfinished regulation is leaving new entrants cautious about
their approach to the market but technology will be a key
differentiator, finds Dan Barnes.
Derivatives are all the rage amongst market operators. The
established markets of NYSE Liffe and Eurex have provided
significant revenues for their parent groups NYSE Euronext and
Deutsche Börse, which have helped to offset declining
Other market operators are trying to generate similar
returns; London Stock Exchange Group launched Turquoise
Derivatives, a rebrand of their ELX platform, in 2011, Nasdaq
OMX will launch its NLX platform by Q1 2013 and BATS Chi-X
Europe has ongoing plans to launch derivatives based on its
BATS Chi-X Europe Russell Series (CHERI Series) of indexes.
Getting these new markets off the ground will be no mean
feat; Europe’s landscape is characterised by the
fortified concentration of liquidity at NYSE Liffe and Eurex.
Previous attempts to break into this duopoly have
This article is available to subscribers and registered users
Please log in to continue reading.
Not yet registered? Take a free trial.
If you have already taken a free trial you
have ongoing access to the analysis section of FOW.com including this story.
Log in using your details below to read.
Already have an account? |