The jewel in this merger is Liffe, originally the London International Financial Futures Exchange.
Thus was born the International Money Market, the world's first financial futures exchange, which was then taken over by the Merc.
Hewison is a retired floor trader who has been a member of several major exchanges, including the International Monetary Market division of the Chicago Mercantile Exchange, Index and Options Market Chicago, New York Futures Exchange and London Financial Futures Exchange.
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Eurex, an on-line system owned by Swiss and German exchanges, has whittled the London International Financial Futures and Options Exchange's share of the German bund futures contract from 70% to 10%.
Nasdaq, the US technology market has partnered with the London International Financial Futures and Options Exchange (Liffe) to sell single-stock futures.
In an attempt to grab back its position as Europe's largest derivatives exchange, lost to Frankfurt's Eurex earlier in the year, the London International Financial Futures and Options Exchange said it will fire 60% of its staff and consider alliances even mergers with other exchanges.
Big corporations hedge away financial risks in the futures market on the Chicago Mercantile Exchange, among other trading venues.
Frankfurt, Germany's financial capital, hopes to open a European energy-futures exchange next year.
He proposes increases for the Securities and Exchange Commission and the Commodity Futures Trading Commission, two financial regulators that have come under fire after recent Wall Street mishaps.
For IntercontinentalExchange ( ICE), it has the capability and could stand to benefit from an increase in exchange-traded products, including derivatives, futures and other financial instruments.
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The bank has said it has received requests for information related to government inquiries and investigations by Congress, the Department of Justice, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the U.K. Financial Services Authority, the state of Massachusetts and others.
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