Eurex's fight fails to draw much blood
BERNIE DAN SITS back in his chair. He's in an ebullient mood, and with good reason. It's the first week of January and the Chicago Board of Trade, where Dan is CEO, has just released its traded contracts data for 2004, its third consecutive record-breaking year. "We traded nearly 600 million contracts last year, up from 225 million in 2001," he says. "Only Brazil's futures exchange has grown more quickly."
The last few years of high volatility have provided the perfect environment for futures and options. Even the drop in volatility last year did not hurt them. The global macroeconomic machinations and the continuing growth of hedge funds kept many derivatives exchanges' products very popular.
That the CBOT has been one of the chief beneficiaries of these markets, though, is more of a surprise. By the end of the 1990s it appeared to...
This is archived content. Your current settings does not currently allow access to the archive. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
If you are a trialist or subscriber, please enter your username and password at the top right-hand side of euromoney.com
Subscribers to Euromoney benefit from:
Level 1:
- Online access to the past 12 months content
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Level 2:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
- Tailored RSS news feeds direct to your desktop
- News delivered directly to your mobile device or PC
- Personalised email newsfeed of 'Top stories' and 'Breaking news'
Click here to subscribe