Past attempts to trade credit derivatives on bourses have flopped .

过去将衍生产品在交易所交易的尝试都失败了。

But those technological advances threaten the long-term future of the bourses .

但这些科技进步对这些交易所的长远未来构成了威胁。

Ultimately , the bourses hope to turn credit derivatives into exchange-traded products .

从根本上讲，交易所希望将信用衍生产品变成交易商品。

The dealers have long argued that bespoke swaps do not belong on bourses .

长期以来，中间商坚持定制的掉期交易不应被纳入交易所。

Long used to operating as monopolies , bourses in asia and latin america now face competition from alternative trading platforms .

长期以来习惯于垄断操作的亚洲和拉美的证券交易所，现在面临非传统平台的竞争。