By contrast, the futures exchanges are vertically integrated.
Both the Swiss and German stock and futures exchanges are owned by a single company.
The technologies needed to run stock and futures exchanges are converging, giving cost advantages to markets that organise both.
Farther afield, America's big futures exchanges are already tied, the Chicago Board of Trade loosely to the DTB and the Chicago Mercantile Exchange more tightly to MATIF.So what can LIFFE do?
If the futures exchanges are allowed to trade futures on single stocks, the options exchanges officials worry that investors may view the new products as cheaper alternatives to their products, options on individual stocks.
"Regulators at the CME Group, which runs commodity and futures exchanges, are investigating whether Mr. Hadden's purchases or sales of Treasury futures late in the trading day manipulated closing prices in the market and, in turn, made other of his trades more profitable, according to people briefed on the matter who were not authorized to speak publicly".
Specifically, regulators at the CME Group, which runs commodity and futures exchanges, are investigating whether Mr. Hadden's purchases or sales of Treasury futures late in the trading day manipulated closing prices in the market and, in turn, made other of his trades more profitable, according to people briefed on the matter who were not authorized to speak publicly.
The major futures exchanges were unable to offer products tied to the average.
Still, Goldman Sachs — which has invested in D-Wave Systems — and CME Group, the largest futures exchange, are considering purchasing the $10 million quantum computers to get a leg up in the competitive world of Wall Street, where number-crunching computers are already a crucial to business, Bloomberg reports.
CME Group, which runs the world's largest futures exchange, is also looking to expand its clearing of over-the-counter securities.Yet reams of information already accompany mortgage-backed securities sold in public markets.
