----- Original Message ----- From: "Marvin Gandall" <[EMAIL PROTECTED]>
Thanks. This is more what I was looking for. I wouldn't discount efforts towards some form of self-regulation in the overall self-interest of investors, however, and especiially by the big banks who are forced to take a bath to take when heavily leveraged big players like LTCM bet wrong and can't cover their trades. The systemic risk resulting from LTCM situations is a real concern. But I think the real question is whether this huge shadowy market can be effectively regulated. Marv Gandall ================ Wouldn't the transparency issue run into intellectual property-firm specific proprietary concerns? Ian
