61.   Q Every time there is a big failure in the derivatives market, markets across the world shudder.

62.   Supporters of the legislation say it is needed to provide legal certainty to the U.S. derivatives market and prevent business from going overseas.

63.   The proposals range from tax cuts to the establishment of more derivatives markets and the setting up of a private pension fund industry.

64.   The SC had introduced such arrangements to allow for regulated short-selling and hedging activities which are necessary for the development of the derivatives market.

65.   The stock exchange said the amendment to the listing rules was in response to the recommendations of the working group on the derivatives market.

66.   Two Americans won the Nobel Economics Prize on Tuesday for developing formulas that make most people cross-eyed, but that delight investors in the lucrative but treacherous derivatives market.

67.   He dealt in the derivatives market, a high-risk, free-wheeling and virtually unregulated trading sector that has come into fashion only in the past half-dozen years.

68.   British newspapers said the losses resulted from failed transactions in the derivatives market by one of its dealers in Singapore.

69.   But the episode highlighted the need for even closer regulation of the highly volatile derivatives market.

70.   Federal Reserve chairman Alan Greenspan said he was not concerned by the rapid development of the derivatives market despite the largest US local government collapse on record.