|
PureBytes Links
Trading Reference Links
|
Robert:
No, I am speaking of technology that is not presently in anyone's hands-other
than a few people on planning committees.
Tim
Robert W Cummings wrote:
>
> At 10:17 PM 6/21/98 -0500, Timothy Morge wrote:
>
> Yes its called TOPS and alot of IB's and CTA's have them in there offices
> today.
>
> Robert
>
> >
> >Well, one project that I know of will actually allow you to have a
> terminal at
> >your home or office that literally is an altered Globex II
> terminal--Altered in
> >the sense that it has internal limits set by your FCM that only allow you to
> >trade XX amounts of contracts and have XX open positions. When they are
> certain
> >this technology is secure enough for them, they do expect to offer it to
> some of
> >their accounts. This would be the electronic equivalent standing on the floor
> >and trading. And no, to this point there has been no consideration of making
> >people become limited members. These products are being developed because the
> >clearing firms know the day will come when they are looking down the
> barrel at
> >each other and at that point, thay had better be ready with good systems...or
> >they'll lose their quality customers.
> >
> >Tim Morge
> >
> >
|