11. LCH is a company owned not, as one might think, by the futures market or by futures brokers and dealers, but by clearing banks. 12. In recent years the practice has developed, on the initiative of the financial futures market, of allowing members onto the floor who are not themselves clearing members. 13. There is widespread concern about the effects of the financial futures market on the equity market. 14. With the increasing growth of the futures market though, it is likely that such problems will occur again. 15. Although still a director in the firm, Walstad spends his time not solving company problems, but playing the futures market. 16. And futures markets are generally small -- if they exist at all. 17. And investors might hedge their currency risks in futures markets that would thrive in the absence of the false sense of security created by central bank promises. 18. And more countries are setting up futures markets. 19. And they have added to the downward pressure by selling gold months ahead in the futures market and pocketing easy profits. 20. Another indicator of a brighter outlook for bonds is in the futures market. |