Both the Swiss and German stock and futures exchanges are owned by a single company.
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The stock and futures exchanges, and yet another independent entity, the clearing house, will all become one.
It happens that the U.S. lets futures exchanges regulate themselves under the umbrella of the Commodities Futures Trading Commission.
The technologies needed to run stock and futures exchanges are converging, giving cost advantages to markets that organise both.
The floor is much quieter than at one time, since much of the volume on futures exchanges is now traded electronically.
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They were the modern version of the independent "locals" who traded futures for their own accounts at the futures exchanges in Chicago.
Collateral requirements, like those on futures exchanges, might deter excessive risk taking.
The heads of the various stock and futures exchanges will also speak.
And that was all to the good: Futures exchanges may not have been total contrivances, but neither were they conceived by the gods.
The Chicago-based company runs the Chicago Mercantile Exchange, Chicago Board of Trade, New York Mercantile Exchange (NYMEX) and COMEX futures exchanges.
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Exchanges for actual delivery, rather than cash-settled futures exchanges quoted only in bitcoin, will also require holding customer funds in national currencies.
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The New York Stock Exchange and New York futures exchanges are closed, although there is still some electronic trading of New York markets Monday.
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Traditionally, commodities like sugar have been traded at the futures exchanges.
The New York Stock Exchange and New York futures exchanges all closed Monday, although there was some electronic trading of New York markets that occurred early Monday.
That is why, for example, foreign futures exchanges that want to offer their products to U.S. customers must obtain a 30.10 order from the CFTC qualifying them to solicit U.S. customers.
And Tsang proposed that Tung be authorized, when the public interest was under threat, to direct not only the Securities and Futures Commission, the government's market watchdog, but also the stock and futures exchanges and the stock clearing corporation, which are ostensibly private-sector bodies.
These people contend that his background was a much better fit for the firm's traditional business of trading futures on exchanges for clients, rather than its aspirations under Mr. Corzine to become a full-service investment bank that could nimbly trade various financial instruments.
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The group also committed to advance sustainability reporting through the World Federation of Exchanges, a trade association of 54 publicly regulated stock, futures and options exchanges.
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The president formed a task force, which recommended coordinated circuit breakers across the stock, futures and options exchanges.
The sell-off was probably triggered by a 3% drop in the price of Brent futures in international exchanges.
The market for these products is growing rapidly, both on futures and options exchanges and in private sales, which tend to be more complex and more lucrative.
Is the president going to include commodities exchanges and futures traders on that list too?
Instead, traders around the world will be able to buy and sell futures contracts on any of these exchanges via a single computer link, without anyone signalling a trade across the crowded floor of a futures pit.
The old exchanges with the brightest futures may be those which abandon their mutual structure of ownership and become private companies, as the Milan and Sydney exchanges have done.
This summer the exchange announced it would electronically list agricultural contracts and futures from two Midwest grain exchanges, in Kansas City, Mo. and Minneapolis--which themselves have inched in a digital direction.
This summer the exchange announced it would electronically list agricultural contracts and futures from two Midwest grain exchanges, in Kansas City, Missouri and Minneapolis, Minnesota--which themselves have inched in a digital direction.
These entities will play a similar role to exchanges in equities and futures markets, connecting buyers and sellers of derivatives.
Chicago's other great claim to global-city fame rests on the dominance of its exchanges in the world trading of futures and derivatives.
He oversaw tie-ups with the German and (later) Swiss derivatives exchanges to create the world's largest futures market.
The exchanges plan to develop a single set of futures and options contracts in preparation for the euro.
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