NYSE all About Derivatives

The Los Angeles Times reports "Derivatives business is driving deal for NYSE" .

http://www.latimes.com/business/la-fi-nyse-20110215,0,2851128.story

That suggests it is no longer enough to plan securities issues such as equity shares in your company. It seems your CFO and board of directors is well advised to look beyond that to where your company's securities will be positioned in the next stage in their development in investment banking.

What impact does the making of derivatives based on your company's securities have on your shareholders and on your company's ability to go back to equity markets should the need arise.

This could be for mergers, acquisitions, growth or whatever normal business eventuality you face.

Is it possible to imagine your company's securities, ownership or debt, as support for derivatives created on that base? If so, what effect does that have?

What factors can you control that will change the outcome of derivation?

Should you in fact drive the creation of derivatives yourself?

Is it, therefore, better to remain a closely held privately financed company or a widely held publicly financed company, financed through a stock exchange?