The commodities boom, the Indian FX wonder, the remarkable reopening of Chinese financial derivatives, Brazil, colocation, OTC clearing, algo trading, movie futures, dividend futures – early 2010 wasn’t short of action. The second half of the year, however, focused mostly on regulation. The US marched ahead with Dodd-Frank, the EU is following, but the outcome for the industry is still unclear. Mareen Goebel looks back over a busy 2010 and asks leading industry professionals what they expect from the year to come.
Regardless of the day-to-day news, product launches and technology upgrades, ask anyone in the derivatives market what the biggest issues are, and the answer is likely to be regulation.
When the US Congress passed the Dodd-Frank Act in July, the ripples could be felt globally, and while the US industry feared that this might drive business to Europe, the European Commission soon followed with its own...