When was the last time a significant exchange merger came to fruition? Over the past year, all we’ve seen is the dissolution or outright rejection of prominent merger plans by regulatory bodies. The Australian government effectively denied a proposal to merge the Australian Securities Exchange and Singapore Exchange. Plans for the Toronto Stock Exchange (TSX) to unite with the London Stock Exchange (LSE) were scuttled when nationalistic feeling seemingly dissuaded the necessary two-thirds of voters from approving the deal. The most noteworthy by far – the highly anticipated cross-Atlantic “super-merger” between the New York Stock Exchange (NYSE) and Deutsche Börse – reached its own end when European regulators raised significant objections to the merged entity’s likely stranglehold on derivatives market share in Europe.
Russ Chrusciel
head of Valdi Options US, SunGard's capital markets business
Exchanges have a lot to be thankful for
It’s hard for me to believe that Thanksgiving has come and gone—the kick-off to the holiday season of 2011. Thanksgiving often gets trampled or left behind in retailers’ race to get to the lucrative finish line of Christmas. However, I think we should reflect on this past Thanksgiving, and take time to stop and take [...]
What can NYSE and Deutsche Boerse Live With?
In the last couple of days, the European Commission has sent its list of objections to the NYSE and Deutsche Boerse around their anticipated merger. So how does the merger process advance from here?
How Financial Exchanges Could Take A Page From Diddy And Glee
Over the last few years, we’ve seen the evolution and ascendance of the “mash-up” in the world of entertainment. For those not readily acquainted with the term, a mash-up generally refers to the intentional blending of two formerly individual items – which hopefully produces an even better (or more entertaining) result than what previously existed. [...]
Kindergarten Lessons For A Global Market
Russ Chrusciel – Boursing Around Published at forbes.com Aug. 31 2011 – 10:39 am Here we are once again at the end of August, which means two things – summer as we know it is about over, and yet another school year is getting underway. When I put two of my daughters on the school [...]
Taking the QCC Challenge Seriously
by Russ Chrusciel, product manager, SunGard’s Global Trading business published @ tradersmagazine.com A recently approved options order – a type of block trade called the Qualified Contingent Cross (QCC) óis challenging the status quo of the listed options markets. Itís also raising questions about the future role of options exchanges.
The Reign of Derivatives, by Russ Chrusciel
by Russ Chrusciel, Product Manager, SunGard Global Trading Investors and trading firms have always made the most of the symbiotic relationship between the equity and derivatives markets – devising strategies that exploit the strengths and weaknesses of each. The conventional wisdom was that the Equities Market was King and would always reign. Yet in the [...]
