Go Back   Trade2Win Forums > The Lounge > News & Current Affairs
Eurex vs US Law Eurex vs US Law
Site Guidelines | New Posts | Register Mark Forums Read

Eurex vs US Law

This is a discussion on Eurex vs US Law within the News & Current Affairs forums, part of the The Lounge category; Hi All Yesterday at the IX Expo, The LSE had a stand there and I had an interesting chat with ...

Reply
Share thread with:  Submit to Digg Submit to Facebook
 
LinkBack Thread Tools
Old Nov 1, 2003, 3:37pm   #1
Legendary Member
 
FTSE Beater's Avatar
 
Join Date: Feb 2002
Location: Coventry
Posts: 1,471
Eurex vs US Law
Hi All

Yesterday at the IX Expo, The LSE had a stand there and I had an interesting chat with 2 of them (yes I know it's hard to believe, but you can actually have an intelligent conversation with them! )

We got talking about how much further the US is ahead of our trading systems and their reaction was quite surprising. They said that they are behind us, well behind the Eurex exchange anyway. It appears that the US is so good because it doesn't allow non-US based companies to set-up over there. Their companies can set-up anywhere but not the other way around. To cut a long story short, Eurex are suing CBOT and CME for anti-competitive practices.

It all started Here, and moved onto Here and it's finished up like this.

Quote:
Press Releases


Eurex welcomes approval of The Clearing Corporation
Ferscha: Market has voted for choice, innovation and enhanced services
Path clear for Eurex and The Clearing Corporation equity partnership


Frankfurt/Main, 24 Oct 2003
Following approval by shareholders of The Clearing Corporation of a corporate restructuring plan, Eurex, the world's largest derivatives exchange, welcomed the outcome of the vote that clears the way for The Clearing Corporation to clear trades for its U.S.-regulated and U.S.-based exchange, Eurex US. The Clearing Corporation shareholders overwhelmingly approved the corporate and capital alignment of the company that will establish a new Guaranty Fund and separate ownership in the company from access to the clearing organization.

"Today the market has voted for choice, innovation and enhanced services," said Rudolf Ferscha, CEO of Eurex. "Our partnership with The Clearing Corporation will give the U.S. market access to a global range of products. This deal is a crucial milestone in the forging of our partnership with the participants in the U.S. financial markets."
So it looks like the US is going to get better and the Eurex a lot strong. This will be interesting
Either way it looks like the LSE will be left behind
FTSE Beater is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools


Similar Threads
Thread Thread Starter Forum Replies Last Post
clycling - law ketank The Foyer 22 May 18, 2007 3:41pm
Eurex Issues jondoe Trading Arcades 2 May 19, 2006 7:20am
Eurex US tech_trader US Indices 0 Jun 21, 2005 1:11pm
Eurex Down ? DaxTrader Data Feeds 6 Oct 23, 2003 4:17am
Eurex Down Helenqu European Indices 0 May 23, 2003 3:33am


New To Site? Need Help?


All times are GMT -4. The time now is 4:39am.


Copyright © 2001-2010 Trade2Win.

Member, National Futures Association (NFA ID # 0402027). Please be aware that off-exchange retail foreign currency (forex) trading involves significant risk of loss and is not suitable for all investors. Increasing leverage increases risk. Before deciding to trade forex, you should carefully consider your financial goals, level of experience and risk appetite. Any opinions, news, research, analysis, prices or other information contained does not constitute investment advice.