It means that any firm, anywhere, can hook up to a global supply chain.

ECONOMIST: Technology is driving a revolution in manufacturing

Legally CME Group is probably off the hook, but the MF Global situation could cost it clout in Washington.

FORBES: Anger Builds Over MF Global Mess - And Spells Trouble

Hook, 23, was tipped to establish himself as a global star following his stunning home Wales debut against Australia in November 2006.

BBC: Hook's best position not settled

While credit ratings have become an integral part of the financial system, making their way to valuation formulas and even legislation regulating pension fund investments, agencies have been off the hook for massive blunders, including their substantial responsibility in the 2007-2008 global financial crisis.

FORBES: Dodd-Frank Failing On Volcker Rule, Derivatives, Credit Rating Agencies