Financial Markets

The BM&F Bovespa (IPA: [bo.'ves.pa]; Portuguese: Bolsa de Valores de São Paulo) is a São Paulo-based stock exchange. It is the second largest stock exchange inThe Americas and the third largest in the world..The BM&F Bovespa is linked to all Brazilian stock exchanges, including Rio de Janeiro’s Boverj (BVRJ), where only government bonds are traded. The benchmark indicator of Bovespa is the 50-stock Índice Bovespa. There were [...]

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Highly recommended reading for any student of the financial markets. Richard Gasparino writes a riveting story. See Recommended Reading for the Amazon link.
King of the Club: Richard Grasso and the Survival of the New York Stock Exchange by Richard Gasparino.
Some quotes :
John Phelan was an imposing man. He rarely raised his voice but when he [...]

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The above chart shows the prices for the continuous electronic futures contract for crude oil traded at the New York Mercantile Exchange. In the earlier years the prices show the pit equivalent(contract size twice the electronic contract of 500 gals), while the more recent values reflect the electronic mini contract.

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My interest in financial markets include commodities. Shown above is a weekly chart for the electronic futures market for soybeans traded at the CMEGroup in Chicago. Before the electronic markets were introduced about 2 years ago, agriculture products were traded in the pits at the Chicago Board of Trade(CBOT). The CME and CBOT merged in 2007. [...]

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Always suspected this. No comment !
From the Guardian(UK):

In the film Wall Street, which symbolised the excess of the 1980s, the most successful traders were odious alpha-males with aggression seeping from every pore.
But stereotypes often have a kernel of truth, and researchers from Cambridge University have concluded what everyone outside the City has always suspected.
Money doesn’t [...]

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Much of the innovation in exchanges and derivatives has come from Chicago - not New York or London. Once best known for derivatives in farm products - cattle, hogs etc. _ Chicago leads the rest of the world in innovating and dominating in the trading of derivative products(options, futures, commodities etc), symbolised by the emergence of the Chicago [...]

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