Summit Notebook

HK Exchange’s Arculli plays it cool

By Rachel Armstrong
March 2, 2011

Spilling a piping cup of hot coffee down yourself in front of a room of journalists seconds before they start firing questions at you isn’t in your standard media training handbook.FINANCE-SUMMIT/
But 72-year-old Hong Kong Exchange Chairman Ronald Arculli, isn’t a man who gets easily ruffled. While the Reuters reporters went off in a frenzy bringing in tissues and mopping down the table, he just sat there keeping his cool,having not got a drop on his crisp white shirt or tie.

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David and Goliath had an easier time of it in the comparison stakes

February 28, 2011

By Huw Jones

The planned merger of Deutsche Boerse and NYSE Euronext will create the world's biggest bourse with 90 percent of on-exchange traded derivatives in Europe.
It has certainly focused minds and boosted CEO airmiles.
Speakers at the Reuters Future Face of Finance Summit were upbeat about their chances of winning a slice of this market which shows more promise for the bottom line than share trading, where competition is as ferocious as margins are thin.
Chi-X Europe, busy finalising its merger with BATS, took time out to explain how it too is targetting derivatives -- believing that a heady brew of shares, futures, options and ETFs on one platform will turn trading heads their way.
Last week saw the London Stock Exchange unveiling plans to turn its Turquoise pan-European platform into a derivatives winner too. And LCH.Clearnet, the clearing house, also sees
derivatives as the future.