Asia: Almost here

摘要

As China and India tweak their derivatives models before finally letting the rest of us in, Japan's new prime minister puts a fire under Tokyo exchanges, and markets from Taiwan to Singapore prepare to court the global trader. "Contrary to that book by Thomas Friedman, the world is not yet flat - at least not in Asia," laughs Foo-shiung Ho, the former Chicago Board of Trade (CBOT) economist and head of the Taiwan Futures Exchange (Taifex) who now runs the Futures Industry Association (FLA) Asia. "One third of global futures trading takes place in Asia, but very little of that is cross-border traffic."