If that anger persists, it could turn into trouble for the futures business.
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Man's winning bid does not include regulatory capital--it is only buying the assets of Refco's regulated futures business.
The futures business is far more profitable than the stock business these days.
Michael Aaron, Sherry-Lehmann's chairman, says his futures business has tripled since 1998.
Through an arrangement earlier this year with the New York Mercantile Exchange, the Merc also has a growing business in electronic-trading energy futures, a booming business.
Refco's holding company filed for bankruptcy protection late Monday night, and the firm announced the sale of its key futures-trading business to an investment group led by Christopher Flowers , a former Goldman Sachs investment banker who has made a new career of buying distressed financial companies and turning them around.
If you were in the egg business, futures offered a way to hedge your risk.
LB, Landesbank Berlin, Landesbank Rheinland-Pfalz and Bayerische Landesbank all have uncertain futures and lack clear business strategies.
These fee-based activities account for 70% of its business, with futures trading accounting for the rest.
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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They traded eggs, then they traded futures contracts on eggs, then they traded futures contracts on other commodities, and the business grew from there.
It is adding an array of new derivatives contracts, most recently weather futures, and was preparing an energy trading business for launch this June, when a noncompete it has with the Nymex expires.
All royalties from the sales of the book will be donated to The Network for Teaching Entrepreneurship, a non-profit organization that provides programs that inspire young people from low-income communities to stay in school, recognize business opportunities, and plan for successful futures.
Futures and other derivatives trading is a much higher growth and higher margin business for exchanges.
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Larry Ribstein, a professor of business law at the University of Illinois, posted a list of Alito's business-related decisions on his blog this weekend when an online futures market began indicating Alito might be a front-runner for O'Connor's seat.
And I am confident that, with leadership from America's business community, we can give all our children the bright, healthy futures they so richly deserve.
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