| JLN PRESS ROOM PICK OF THE WEEK |
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| The Moral Hazard Lessons From Nickel Market Disaster |
The tide went out this week in London’s nickel market, and we discovered—in Warren Buffett’s immortal words—who had been swimming naked: a giant Chinese producer that couldn’t meet its margin calls, additional security brokers require when leveraged trades lose money.
Instead of letting the market cleanse itself of this indebted trader, the exchange decided to wade in and save the firm from the consequences of its bets by canceling the trades.
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| 10 MOST CLICKED STORIES OF THE WEEK |
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| 4 MOST CLICKED MARKETSWIKI PAGES OF THE WEEK |
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| | | FIA REMOVES MOEX MEMBERSHIP; DAVID HOWSON TO BECOME CBOE PRESIDENT; LME HALTS NICKEL TRADING |
“Alex Perry's Optionstopia” takes a look at this week’s options news highlights: FIA Removes MOEX Membership; David Howson to become Cboe President; LME Halts Nickel Trading
Euronext presents “Options Term of the Week”
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| | | DOUG ENGMANN – PART TWO – OPEN OUTCRY TRADERS HISTORY PROJECT – JOHN LOTHIAN NEWS |
When Doug Engmann, chairman of Sage Brokerage Holdings, chose to expand his business to other exchanges, it was the late Jack Wing, Chairman Emeritus of Chicago Corporation, who helped him make the decision. Sage, unlike other clearing firms at the time, Engmann...
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