However, since we are in a business where the saying 'nothing ventured nothing gained' is most appropriate - I'll take a stab at it. I must stress that these interpretations are strictly my humble personal opinions. This is not only a long list but also one loaded with delicate issues. Whether it is leverage or risk management, low cost or volatility, quickness or standardisation, ETD Products have got it all. The ease, transparency and speed with which these products can be traded and settled have assured them a place in the financial markets.
Clearing gives the products the necessary transparency, security and control.
Here's my view of some on the issues facing our industry. This list is obviously far from complete and will touch only on what I consider the most important issues. The order of listing does not imply any order of importance. The Technological Revolution Continues The technological revolution was necessary to get financial products established and turnovers exploding. It will continue to be a most important ingredient in moving the industry forward.