As such, it has never attracted the speculative interest of other commodities that are traded on world futures markets.
He oversaw tie-ups with the German and (later) Swiss derivatives exchanges to create the world's largest futures market.
Singapore also leads Hong Kong in futures trading, is among the world's top five markets for derivatives and has traditionally been a strong commodities center.
It would also supplant CME Group Inc. as the world's largest futures exchange by contract volume and create a clear leader in the U.S. options market.
Or world markets, oil futures and Arab and Iranian crowds might go crazy and Russia be presented with a whole new set of openings to win back old friends.
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Thus was born the International Money Market, the world's first financial futures exchange, which was then taken over by the Merc.
Almost from its inception, CCX had a strong connection with the Atlanta-based Intercontinental Exchange, whose subsidiary is the International Petroleum Exchange, the world's largest petroleum futures options market.
Early next month, this bustling port, where Indian farmers first sold their precious crop to foreigners, will welcome the world's first international futures exchange devoted exclusively to pepper.
You have to wonder whether the rest of the world - including traders in oil futures - is taking it seriously enough.
Being on the opposite side of the world from Chicago, the main futures market, required Australian traders to be flexible from the start.
In the first sixth months of 2010, 478, 969, 487 single stock futures contacts were traded, according to the World Federation of Exchanges, which is up 19% from that same period in 2009.
And in April 2013, the World Bank will host the next Equal Futures meeting.
But the stock- futures division is the third rail of the exchange world.
The biggest question raised by the new research is whether the world is converging demographically or diverging towards disparate futures.
The political uprising in North Africa this month has provided fuel for markets to shift in areas like oil futures, regional ETFs, and stock indexes around the world.
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Futures markets determine foreign exchange rates, and in a world of gyrating currency values there are serious questions about whether they are the best way to determine the relative value of dollars, euros and yen.
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 CBOE was the first stock options exchange in the world, founded in 1973, spun off by futures traders at the Chicago Board of Trade who were looking for something to trade.
Leverage in futures markets allowed them to control a huge chunk of the available world supply.
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Futures for arabica coffee, the variety most commonly brewed in the world, have been falling along with other commodities, amid gloomy headlines out of Europe.
So far in 2012 futures trading is running at the shocking level of 25.2 times world demand for energy.
And, just to stave off boredom, and to attract some practical (paying ) participation, I suspect, one of the organizations he works with runs the Financial Centre Futures which tracks the relative rise and fall of financial centers around the world, which I wrote about a few months ago at Forbes.com.
It is no secret that the world has yet to achieve the simple yet profound goal of ensuring equal futures for our daughters and our sons.
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 agreement, announced today, puts an end to more than a year of on-and-off talks between the two futures markets, one looking to add electronic capabilities and the other seeking to enter the lucrative world of energy trading.
And yes, that is what the World Development Movement really does say, that speculators betting on agricultural food commodities, in futures, options and the like, produces rising food prices, greater volatility of food prices and that these things then kill poor people.
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And Vega's traders began to more aggressively take out futures contracts on the commodities market in Malaysia, which, along with Indonesia, accounts for most of the world's palm oil production.
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