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A comment on Wall Street Begins Trading Water Futures as a Commodity. Parent comment

Re:Wall Street Begins Trading Water Futures as a Commodity by timeeater on Thursday December 10, 2020 @05:54AM (#25372325)
Wouldn't traders create their own rules for trading? (As presumably they have also done in the past)?

I think most financial constructs were created by traders, not governments. Financial constructs are basically standard contracts.

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Re:Wall Street Begins Trading Water Futures as a Commodity by triangleman on Thursday December 10, 2020 @11:52AM (#25375623)
Indeed the first securities were sold via auction under a buttonwood tree, and I don't think any government agents were on hand to facilitate it, but I could be wrong.
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