> How can a hedge fund issue options until options are legally able to trade? Short answer, they can't. Couldn't a hedge fund call up their bank of choice and

> How can a hedge fund issue options until options are legally able to trade? Short answer, they can't. Couldn't a hedge fund call up their bank of choice and ask them to write a custom OTC option? Assuming of course the bank wants to take the other side of the trade. Or does the law prohibit any sort of derivatives created by anyone?