A new venture headed by former GMG Radio chief executive John Myers has bought Future music titles, Classic Rock and Metal Hammer, in a £10.2m deal.
Even if the LSE stays under the watch of the FSA for some years after being bought, future electronic improvements could mean that LSE traders end up sending orders to a market elsewhere, under another regulator.
FUTURES CONTRACTS A slightly more complex but relatively inexpensive way to manage losses is to buy futures contracts that bet an index will fall in value.
Selling futures is called a short hedge; buying futures is called a long hedge.
Like many airlines, United buys futures contracts for oil to protect itself against sudden price increases.
Instead, they buy futures and options which they settle with a cash payment when they fall due.
"I mentioned if I were to buy futures in a political candidate," he recalls, "I'd buy Evan Bayh".
He may prefer buying futures to buying in the cash market (spot or forward) if current cash prices are high because of scarcity.
Ms. Wintz says she buys futures contracts for pounds, euros and other currencies up to several months before meetings in overseas destinations.
And why, on Friday, January 18th, when he was already caught but not everything was discovered, did he frantically continue to buy futures?
