COMPANIES The first US commercial property derivatives market is set to launch as early as this week, as four of the world’s biggest banks join forces to create a trading platform that has the potential to grow into a multi-billion dollar business.
The move is another sign of banks’ hunt for profits in the ever-expanding world of derivatives. The instruments make up the bulk of global trading activity at $450,000bn in outstanding contracts, dwarfing the $60,000bn in the total value of share trading on the 10 biggest exchanges, according to the latest figures from the World Federation of Exchanges.
