Welcome to Futures Industry
March/April 2004 Features
March/April 2004 Cover
Head-On Competition Heats Up
Will Acworth and Mary Ann Burns
Published 3/1/2004
Competition among the big four financial futures exchanges heats up as the European exchanges set their sights on the U.S. market. In four exclusive interviews, the heads of each exchange explains their strategies for growth.
Will Acworth is the editor and Mary Ann Burns is the editor-in-chief of Futures Industry magazine.
FIA Annual Volume Survey
Galen Burghardt
Published 3/1/2004
Trading volume hit another record in 2003, driven by growth in virtually every category of futures and options. In this yearís annual survey of global volume trends, FI looks at some other ways of measuring the size of a futures market.
Galen Burghardt is research director for Coex Partners, a division of ED&F Man Capital Markets.
Competition Case Study
Will Acworth
Published 3/1/2004
FI looks at both sides of the debate over exclusive licensing agreements in the derivatives business.
Will Acworth is the editor of Futures Industry magazine.
Introducing Brokers
David Bruderle
Published 3/1/2004
What are the characteristics of the introducing broker business today and how has it changed over the last 10 years? The results of an exclusive survey of introducing brokers registered in the U.S. conducted by FI in January.
David Bruderle is an assistant editor of Futures Industry .
March/April 2004 Departments
President's Message
John Damgard
Published 3/1/2004
John Damgard is the president of the Futures Industry Association.
News Briefs
Editorial Staff
Published 3/1/2004
U.S. Futures Industry Puts Greater Focus on SRO Issues; CFTC Confirms Two New Manipulation Investigations; Competition Intensifies in Eurodollar Market; SEC Postpones Decision on Foreign Access Issue; Nymex Wins CFTC Approval to Expand OTC Clearing; LCH.Clearnet Seeking CFTC Approval to Clear Financial Futures and Options; Securities and Banking Regulators Prepare Risk Management Standards for Central Counterparties; CFTC Hits Ex-NYFE Chairman with $4.9 Million Fine; NFA Updates Disclosure Rules for CTAs; Kospi Contracts Transferred to Kofex; NASD Proposes to Rescind Trailing Commission Policy
Washington Watch
Will Acworth
Published 3/1/2004
CFTC Proposes Amendments to Collateral Management Rules; CFTC Approves HedgeStreet Exchange; SEC Launches Broad Review of the Effects of Competition in the Options Industry
Will Acworth is the editor of Futures Industry magazine.
Product Profile: Futures on the VIX
Nina Mehta
Published 3/1/2004
CBOE Creates a New Class of Futures Products Based on Volatility
Nina Mehta is a financial journalist based in New York. She is a former managing editor of Derivatives Strategy magazine and has contributed articles to Institutional Investor magazine.
Tech Talk: FIXML Ready for Launch
Jim Northey
Published 3/1/2004
Jim Northey is the chair of the FIX Protocol Organizationís Global Derivatives Committee.
The Inbox
Editorial Staff
Published 3/1/2004
CME Acquires Liquidity Direct Technology, LLC to Compete in eOptions; Pakistani Exchange Taps Patsystems for Trading Platform; NYBOTíS eCOPS Program Goes Live; J.P. Morgan Entices Prospective Traders with Trading Game; MarginClick Partners with TradingScreen for STP; South African Exchange Uses Futures to Finance AIDS-Related Charity; FCMs Pitch New Investment Products to Retail Investors; Futures & Options for Kids Holds Annual Awards Dinner
Prominent People
Editorial Staff
Published 3/1/2004