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> Well everyone consider this! When you currently place your order, the only
> people who know what your doing is your floor executing broker and maybe a
> few guys around him (besides the phone clerks and your personal broker).
If youre order is big enough that is already tooo much
> If we start full computer trading, your order is open for everyone to see
> as it is currently with GLOBEX trading.
On DTB - you can see only the NEAREST 5-10 bids and offers - you can see
similar in the pits when it comes near to your price.......
> If you're a trader that cancels
> and replaces often, you stand a good chance that your order will NOT be
> cancelled in time.
huh ? electronic ? - will be out in a flash - the old way has the danger !
> Even though I hate the floor brokers even after I was
> one, I would still vote to keep the open out cry system in place.
There is no reason for that !
DTBs - BUND trading has outpaced LIFFES BUND - it has been proven that
BIG orders are handled better, more efficient, with less slippage on DTB than
on open outcry ! - That market is several times the size of S&P
rgds hans
rgds hans
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