As regulations further choke the US Stock Exchanges....simply by the incestual job transfer relationships between the SEC, Congress, and the larger US Corporations......The New Stock Exchanges will move offshore and basically tell this incestual cesspool to FO..... Exchanges are nothing but redundant computer banks....electronic exchanges win hands down because of efficiency.....and the gradual transfer to another jurisdiction will happen sooner rather than later because of legal largesse itself.... http://www.forbes.com/afxnewslimited/feeds/afx/2008/06/24/afx5146142.html It is actually good for the world.....because money itself becomes more efficient.....in that stocks are non interest non obligatory loans.....and will spur growth in the developing world faster.... Also the cost of a legal transfer should be next to nothing by electronic means ....and will induce further competition....A name transfer cost should cost nothing.....This further greases the wheels of liquidity..... Also the transfer of wealth to oil producing countries has been such that they have the capital to capitalize full fledged exchanges from the raising of capital to the finished internationally public company..... Watch it happen....it is happening as we speak.... Maybe the US SEC Big Corporate WINK WINK/Broadcast Media included system will finally be taught a lesson in legal largesse bullshit.....Maybe the US FRATERNAL COUNTRYCLUB CEO SYSTEM WILL DISAPPEAR ALONG WITH IT.....
Here they come.... http://online.wsj.com/article/SB121433047369100457.html?mod=hpp_us_whats_news http://www.ifcamericas.com/ The incestual pool of linked nonsense namely the SEC, Congress, and the US Corporate fraternity will spell its own demise... to the goose that has laid the capitalistic egg..... The raising and usage of non interest non obligatory debt is no longer uniquely that of the US and Europe.... And BATS in the midwest shows how fast a set of computer banks and an electronic name labeling program can take market share in a short period of time..... For years the incest has formed a moat of legal largesse to the point no one wishes to swim across it....in that there are more attractive options..... Make no mistake.....here they come..... Computer banks in the names of different jurisdictions other than the US.....
Tidbits... http://www.futuresindustry.org/downloads/FIMag/mayjune08/May-June_News_Briefs.pdf Canada Approves Carbon Futures Montreal EUâs McCreevy Presses for Competition among Clearinghouses India Moves Closer to Launch of Currency Futures Market. More tidbits... http://www.futuresindustry.org/downloads/FIMag/mayjune08/May-June_Inbox.pdf Four More Firms Back New U.S. Emissions Exchange Japanâs TSE to Use Liffe Connect for Options Trading Goldman Sachs Expands Asian Capabilities with Rediplus Version 8.0 Eurex Plans RiskRelated Enhancements in Next Platform Release RCG and Gain Capital in U.K. Partnership Japanâs OSE Plans FX Margin Contracts Russian Trading System Builds FIX Gateway for Futures and Options Japanâs TSE Revitalizes Topix Futures and Options Cool thread. Osorico
Here comes SEC accomodation.... http://www.bloomberg.com/apps/news?pid=20601212&sid=aRiYuliv1oVk&refer=home The trading venues will be more numerous in the next 24 months....
Only 15% of NDAQ's business now comes from US equity trading.... US legal largesse at its finest... The US is outsourcing the exchanges as well...... http://online.barrons.com/public/ar...59.html?mod=9_0031_b_this_weeks_magazine_main A professional trader could care less where the computer banks are........
Veracity unknown. New Exchange To Trade Bankruptcy Claims http://www.roguegovernment.com/news.php?id=9851
A professional trader knows where his bread is buttered, and it is not with that crowd....or any of their ilk. Exchange/bank of computers not on your soil, no recourse before a court should something go amiss. At least not one based on your rule of law.