London Calling
15 Jun 2007
In anticipation of FOW’s 17th annual derivatives world show in London, FO Week spoke to key industry figures about the challenges faced in the City as the wider industry experiences unprecedented consolidation
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| JPMorgan's head of futures and options, Richard Berliand |
Futures & Options Association
chief executive, Anthony Belchambers |
Schneider Group chairman, Sonny Schneider |
Denton Wilde Sapte partner, Brett Hillis |
Fidessa's director of derivatives products, Steve Grob |
What are the implications of cross-border exchange consolidation, with particular reference to Eurex’s recent purchase of International Stock Exchange (ISE) and the newly merged Euronext and New York Stock Exchange (NYSE)?
Anthony Belchambers: It has to be healthy, but the question is will they actually deliver the real cost savings to their customer base or will they retain the benefit of those savings for shareholder value? Exchanges have gone for-profit, which everyone wanted...
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