With the explosion of exchanges around
the world and the increasing poaching
of products between exchanges, traders
should be aware of all the places where
trading opportunities occur. No longer
bound by national borders or even
physical locations, exchanges can be no
more than a box in the corner of an office. Differentiation comes in the form of product, volume,
speed, pricing, and investor protections.
Look for an exchange with extensive trade documentation so that disputes can be resolved quickly and with quick
reference to events. Since more and more alternatives are
rapidly becoming available, donít be afraid to direct your
business to the exchange of your choice. The plethora of
investor choice is forcing a rapid decline in transaction costs
already, and exchange monopolies are a thing of the past.
Use the listing presented here to find the websites of the
exchanges handling your tradable, then go to the site to get the
specifics of the trading vehicle. Better yet, get several
equivalent products at several exchanges and be sure your
broker can direct your business to the venue of your choice.