FOREWORD

Kimberly D. Krawiee

New Legislation Permitting Stock Futures: The Long and Winding Road

William J. Brodsky

Securities Price Risks and Financial Derivative Markets

Peter H. Huang

International Regulatory Responses to Derivatives Crisies: The Role of the U.S. Commodity Futures Trading Commission

Brooksley Born

Multinational Regulatory Competition and Single Stock Futures

Frank Partnoy

Demutualization of Financial Exchanges: Business as Usual?

Caroline Bradley

Hedge Funds, Hot Markets and the High Net Worth Investor: A Case for Greater Protection?

Helen Parry