Re Robert Peston, it isn't at all clear whether the Royal Mail are using futures to buy equities at a price they want to pay, or whether they are gambling on the price going up or down. It's the same with commodities trading - people who are producing commodities and the end users use futures to give themselves some certainty. It's the middle men who are the gamblers.
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andrewducker) wrote2010-09-24 12:01 pm
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