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Anyone out there think that another stock derivative in addition to options
will entice money out of actually owning a stock and thus being a long term
negative for the stock market?
Howard
>From: Daniel Goncharoff <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>
>Reply-To: Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx
>To: <realtraders@xxxxxxxxxxxxxxx>
>CC: realtraders@xxxxxxxxxxxxxxx
>Subject: [RT] Re: More on Futures on stock
>Date: Tue, 09 May 2000 10:36:14 -0400
>
>It is hard for me to believe that this is getting as far as it is as
>fast as it is. Not only are there 4 regulatory hurdles:
>
>Margin rules
>Selling on an uptick
>Identifying borrowable stock
>Insider trading
>
>But I would have expected the securities industry to nip this in the
>bud.
>
>But then I would have expected them to nip the ECNs in the bud too, and
>they didn't.
>
>Still, I would be frightened of a cash-settled future on an individual
>stock.
>
>Regards
>Dan Goncharoff
>
>
>
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