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| reply to hoyleysox
Re: Unemployment and Wall Street said by hoyleysox:This exchange should just be a broker and not have any 'skin' in the game like Lehman did. I was talking about an exchange like CBOT. An exchange like the NYSE and NASDAQ, but they clear futures and stock options. Regulated by the CFTC.
It's not like a private exchange, which more institutions than Lehman engaged in. What you're worried about is the kind of exchange we have today with non-regulation. Investment banks and hedge funds operating their own exchange, using their book.
Mark |
