Below is a brief
description of each the more popular non-domestic
exchanges. If there is an exchange that you feel should be
listed below, feel free to email us and we will post it.
Note: There are risks to trading on an unregulated exchage.
EUREX - European Derivatives Market
Eurex is the world's
leading futures and options market for European derivative
instruments. Its electronic trading platform provides access to
a broad range of international benchmark products. Trading
volume on Eurex exceeded 801 million contracts in 2002, a 19
percent increase over the previous year's volume. During the
first quarter of 2003 Eurex continued its trend trading at
record level with a turnover of 265 million contracts. March
2003 was the most successful month in Eurex history with over
106 million contracts traded. (source:
www.eurex.com)
HKFE - Hong Kong Futures
Exchange
LIFFE - London International
Financial Futures Exchange
The London International
Financial Futures and Options Exchange (LIFFE) is an exchange
where people trade financial risk. Those who do not want to take
on financial risks transfer them to people who have the appetite
for them and the ability to control them.
Financial risks include market
risks - being a person's or an organization's exposure to an
adverse change in the market price resulting in higher costs
and/or reduced returns. Many people face risks like this.
LIFFE's marketplace enables banks
and other financial institutions to reduce their financial
risks. Therefore these institutions are able to offset any
changes in interest rates, stock or commodity prices and:
- offer fixed rate mortgages to
homeowners;
- help companies protect
investment programs and jobs against the danger that higher
interest rates might make them unprofitable;
- protect their own assets - for
example, pension funds can improve their performance;
- offer medium term fixed rate
finance to small businesses;
- supply new and innovative
savings products to their customers.
Such is the demand for these
services that LIFFE has grown by over 40% a year since it was
founded in 1982 and is now one of the world's largest exchanges,
trading on average £375bn per day. In addition, LIFFE is the
world's center for euro money market derivatives trading. (source:
www.liffe.com)
LME - London Metals Exchange
The
London Metal Exchange (LME) is the world’s premier non-ferrous
metals market, with highly liquid contracts. It is an innovative
Exchange, whilst maintaining its traditional strengths in a
modern business environment. It remains close to its core users
by ensuring its contracts continue to meet the high expectations
of a demanding industry. As a result, it is highly successful,
with a turnover value of some US$2,000 billion per annum. It is
a major contributor to the UK’s invisible earnings,
responsible for more than £250 million in overseas earnings
each year.
(source: www.lme.co.uk)
TGE - Tokyo Grain Exchange
One of the leading commodity futures
exchanges in Asia, the Tokyo Grain Exchange is a non-profit
membership organization presently trading corn, Non-GMO soybean,
U.S. soybean, soybean meal, azuki (red bean), arabica coffee,
robusta coffee and raw sugar futures. Options on corn, U.S.
soybean and raw sugar futures are also being traded.
(source: www.tge.jp.or)
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