Editorial - The honey pot

09 May 2005

It seems that New York Mercantile Exchange (Nymex) is to join the ever-growing list of exchanges raising money through inward investment or, more commonly, listing. With Chicago Mercantile Exchange (CME) and International Securities Exchange already sitting on bulging war chests, Intercontinental Exchange and Chicago Board of Trade (CBoT) about to join the club and Pacific Exchange shortly to receive the backing of the...

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“The fact is, an awful lot of people would be very happy for all business to be transacted over the counter. Transparency is good for the consumer, but privacy is better for the banks and the brokers. Wherever there’s a grey area, it’s possible to make money.”

European consultants predict frantic lobbying during the Mifid review.