Wednesday, June 6, 2007
NYSE Euronext expand to derivatives trading
-NYSE said it may purchase an acquisition to expand into U.S derivative market.
-Euronext NV is second largest derivative market. unlike other future derivative competitiors, such as CMer or Deutsche Boerse AG, it does not own a clearinghouse.
-Bclear is just clearing service, taking care of administrative tasks and passing it LCH.Clearnet Group.
-NYSE is losing market share to Nasdaq stock market...It wants to expand it detivative business. It is difficult to compete head-to-head
-it will seek regulatory approval to give brokerages access to the Arca options market in Chicago
-also seek regulatory approval to extend its Bclear unit to U.S from Europe
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