Derivative traders open session to reduce Lehman risk Sun Sep 14, 4:04 pm ET NEW YORK (Reuters) – A rare emergency trading session opened Sunday afternoon to allow Wall Street dealers in the $455 trillion derivatives market reduce their exposure to a potential bankruptcy filing by Lehman Brothers. U.S. regulators and bankers were making last-ditch efforts on Sunday to prevent toxic assets from ailing Lehman Brothers (LEH.N) spilling into global markets and rupturing investor faith in the international financial system. "This is an extremely, and I stress extremely, rare event. It also speaks to the more general notion that, in...
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Derivative traders open session to reduce Lehman risk(unthinkable is thinkable now)
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