1.   At the time of writing there is a plan to merge these two exchanges to create a single London financial derivatives market, and we consider its implications.

2.   Another challenge for Mexican markets is to develop a derivatives market for the trading of options and futures.

3.   At a congressional hearing Wednesday, Fed Chairman Alan Greenspan voiced caution about the need for more legislation regarding the derivatives market.

4.   Bank regulators already take into account the way individual banks measure their exposure to risk in the derivatives markets.

5.   Banks are by far the biggest traders in the derivatives market.

6.   Brooksley E. Born, chairwoman of the Commodity Futures Trading Commission, says that secrecy in the derivatives market is worrisome.

7.   But previous attempts at self-regulation in the derivatives markets have met with limited success.

8.   But many other participants in the derivatives market say this is not their main concern.

9.   Commercial banks have been the most active players in the American derivatives market, but many securities firms also participate.

10.   Federal regulators showed little enthusiasm for broad new controls on the derivatives market, despite the heavy losses in such investments by Orange County.