Has demutualisation benefited the wider market?

Has demutualisation benefited the wider market?

The wave of demutualisation that swept the market in the 1990s and 2000s has radically altered the infrastructure of global derivatives trading.

It has enabled the creation of multi-national exchange groups and led to a wave of mergers as exchange access to capital reached unprecedented levels.

Some trading firms have claimed, however, that this expansion has been at the expense of the market, as loyalty to exchange members has been replaced by the need to satisfy shareholders.

On December 9, Charlotte Crosswell, CEO of NLX, will go head-to-head with Ruben Lee, CEO of the Oxford Finance Group to debate the issue.

Crosswell will argue for the motion: Exchange demutualisation has been of detriment to the market while Lee will argue the benefits of demutualisation.

Register today to secure your place. The event is free to the buy-side, prop traders and banks, brokers and futures commission merchants.

To register and view the full agenda visit: http://bit.ly/1oPIqhE

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