Interview  |  JAN 2002

Interview: What Is The Future Of Trading? by Jayanthi Gopalakrishnan

What Is The Future Of Trading? by Jayanthi Gopalakrishnan At The Start Of Our 20th Year, We Ask: What Is The Future Of Trading? The trading exchanges have been going through various changes lately, shifting from member-sponsored entities to for-profit organizations. They are also introducing more products, giving us a greater array to choose from. What does this portend for the trading industry? To find out, STOCKS & COMMODITIES Editor Jayanthi Gopalakrishnan spoke with Bob Fitzsimmons of the Nasdaq LIFFE market, David Prosperi of the Chicago Board of Trade (CBOT), and William J. Rainer of the joint venture of the Chicago Mercantile Exchange (CME), the Chicago Board Options Exchange (CBOE), and the CBOT, formally named OneChicago, LLC. Here’s what they had to say. Bob Fitzsimmons was most recently with Nasdaq’s former parent, the National Association of Securities Dealers. Prior to that, Fitzsimmons was a managing director at Nomura Securities International, running its futures business. He started the futures division for Nomura in 1990, and within three years, the division was one of the top 20 futures commission merchants (FCMs). Before joining Nomura, he was a broker in the Treasury bond options pit for Kidder, Peabody & Co. Fitzsimmons became a member of the CBOT in 1987, and was a member of the CME. He was an active member participant on FCM committees at both exchanges.

by Jayanthi Gopalakrishnan