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> Of course, there will always be resistance to change,its human nature. Anyway, my
> scenario is when the old dam is broken, there will be a big jump in volume and these will
> make the real professional ethical brokers happy too.
>
> Remember,one of the basic rules market trading, "Don't Fight the Trend!" that is,
> if you are a real market forces trader and not something else....
>
> Just think of the open outcry, as the " Good ol'days" especially those affected.
>
> A.J. Carisse wrote:
>
> > Earl Adamy wrote:
> >
> > > I assume this was said tongue in cheek because if the inmates aren't running the
> > > exchanges, I don't know who is.
> >
> > Of course this is the case, but it certainly ought not to be.
> >
> > > The exchanges exist to serve their members first
> > > and the public second. Stock traders have been very fortunate that the SEC has
> > > been so strong in insisting on a more even playing field for non-members.
> >
> > I don't see it that way, though. Everyone is a member in a sense, since you can
> > only trade through current members. The mandate of the SEC is to ensure orderly,
> > efficient, and fair transactions. To a large degree this remains unfulfilled, and
> > the SEC needs to be much more aggressive to level the playing field even more.
> >
> > > Leo
> > > Melamed (sp?), who was at the center of the old power structure at CBOT (ex
> > > chairman et al), has been virtually tarred and feathered (and literally
> > > threatened with death) for pushing the introduction and expansion of electronic
> > > trading.
> >
> > Sure - and it's not hard to figure out why. Whatever the power structure, this sort
> > of thing is inevitable though in my view, as more people become acquainted with its
> > significant advantages.
> >
> > Regards,
> > A.J.
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