Unformatted text preview: exposure. The starting point to measure return equals $260 Hedge Fund Receives - $25,000 in cash Which transaction would you prefer and why? Question 2 a. Which client base was the driving force behind the ISE? What benefit did they feel an electronic exchange would provide? b. Did other options’ clients support the ISE? Why? c. What is the cross listing of options? Did the ISE accelerate the process of cross-listing? d. What is the OCC? Why is it important to the success of the options business? How does it differ from the clearing process in the futures market? 1...
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This note was uploaded on 01/25/2011 for the course NBA 6940 at Cornell.