One exchange that won't be joining the grand global experiment known as individual equity futures is Germany's Eurex. Chief Executive Officer Rudolf Ferscha says there's just no demand. "Hedgers can already protect themselves with stock options," he explains, "while traders can already buy and sell on margin." That's an argument that Patrick Lafferty is hearing a lot these days. The Chicago-based commodity trading advisor is one of the people conducting educational seminars for Fox Investments, an introducing broker tightly affiliated with Man Financial. "A lot of the interest we're getting is from people who have traded securities for a long time and have always used options," he says. "So the number one question is 'What can I do with futures that I can't already do with options?'"
展开▼
