Wonder how the NSE compares to the two sales wise. Believe they are #1 in volume
Headlines like this are extremely misleading. Sure, B3 traded more contracts, but CME makes 4x the revenue. Follow the money, not number of contracts traded.https://www.thetradenews.com/brazils-b3-overtakes-cme-group-in-rankings-for-largest-derivatives-exchange/ …
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What’s your thoughts about B3?
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Starting a writeup on them this weekend, dont have a fully formed opinion yet but stay tuned
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The contract sizes are different, which gets to the revenue differential you cite. It would be more helpful if publications notionally adjusted the volumes.
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Bingo. I’ll start an exchange with a $.01 contract size and become ThE lArGeSt ExChAnGe In ThE wOrLd in like 2 weeks
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curious as to why CME sold down their stake in B3. I would've thought exposure to THE derivatives exchange in an economy enjoying structural growth in their financial markets would have been a great investment.
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