The balancing act

With the needs of multifarious types of traders to be considered, it is hardly surprising that exchanges often find themselves under fire for over-regulating one minute and for not offering adequate protection the next. Earlier this year Eurex's market oversight procedures came under the microscope as a result of the infamous 'flipper' affair.

Recently, Nymex has become one of the targets of disgruntled fund managers who believe the exchange is not doing all...