The stock exchange merger will bring significant changes in the allowance market. In the best case, the issuer of their products, as compared to foreign favorable conditions of the German Stock Exchange Scoach listen more to the platform, but also to have access to Nyse Euro Next and thus to more customers. After all, the Dax is also in demand on the NYSE € Next: 2010, the German index ranked at the local market certificates at the fifth most traded Basiswerte.Doch easy it is to access does not.
is not yet known which the merged exchange trading system will work and whether it will be fit for the German derivatives market. The aim of the new exchange should be a fast high-performance trading system that is tailored to the professional market participants and the Algotrader. In the place but it is problematic. In the algo trading is all about speed, are models in milli-and nano-seconds. The faster the better. In structured products, however, dominates the mass. Execution speed is even an issue, but a subordinate. This is primarily a stable trade. Because the mass of around 650,000 derivatives emissions must be addressed even in the hottest market in phases.
Speaking mass: 650.000 derivatives emissions on the floor should have a deterrent effect from the perspective of a foreign market observer. The U.S. list structured papers mostly because of the high administrative burden and cost reasons. They act primarily in the pit shares. Business with warrants, as we know it moves, where the futures markets. Main venues for the on the NYSE / € Next listed structured products are the Netherlands and France. Thus the merging parties, the deal is not quite foreign, even if markets are much smaller than the German.
In the coming months there will be much discussion on the topic of emissions trading requirements. While German-speaking market, Chief Financial Officer Greg Pottmeyer the merger press conference of "cross-selling opportunities" for structured products. But the more immersed in the merger scenario Scoach not and is not a label of the leading brands of the new United stock listed in the merger presentation. That must mean nothing. But when the German stock exchange in the merger talks not represent the interests of issuers, which still want to bring more products to the market are expected to have this new turn of the stock market. It's news exchange giant Creates however, promised to offer sales opportunities that would be a great step forward for the European market.
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