Like the rest of Groupon, Getaways will promote limited-time deals requiring customers to makean upfront payment in exchange for a voucher that can then be redeemed within a certain period of time.
But though he is tainted with the Grasso scandal and is the subject of litigation himself, Langone is getting at least an ear the firms that make up much of the daily order flow at the exchange.
To Mundell, constantly changing exchange rates are just an opportunity for banks and hedge funds to make money at the expense of people doing business internationally.
Trading exchanges make sense for vanilla products, but when it comes to highly unique, illiquid deals of the Abacus variety, anexchange would serve no purpose.