Derivatives exchanges are making a push into event-driven contracts, an area many see as the next frontier of futures and options trading.
Event-driven markets grabbed headlines last year when the Pentagon's Policy Analysis Market was uncovered. Politicians trashed and shut down the plan, which would have allowed traders to place bets on terrorist attacks, assassinations and other geo-political events.
There was an attempt to revive the market as a private concern without government involvement recently. However, one firm that was providing technology to the venture told FO Week it has been scrapped. Separately, a UK-based version of the idea...