Thursday, 5 February 2009

a left field idea

The Raven has been trying to think of consequences of this crisis that will result in changes in long term behaviour that have not already been priced in. Ashamed as he is to have flicked on CNBC a couple of days ago he watched an interview with the CEO of the CME (Chicago Merc Exchange). It strikes the Raven as a little odd that there isn't more interest in the stock exchanges that have derivative capability, surely regulators will want OTC contracts to come onto the exchange? its in the banks interest as well to reduce their counterparty risk as well. The Raven is still doing his work and kicking the tires - but he's got put on tiny slivers of Deutsche Boerse and LSE (the relationship between these two is pretty interesting given Hohn's actions).

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