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Bug man,
I think you're confusing "backtesting" with "optimization"...
All the best,
The Omega Man
-----Original Message-----
From: Neal T. Weintraub <thevindicator@xxxxxxxxxxx>
To: Dejan Corovic <Dejan.Corovic@xxxxxxxxxxxxxx>
Cc: OMEGA-LIST@xxxxxxxxxx <OMEGA-LIST@xxxxxxxxxx>
Date: Friday, August 07, 1998 12:19 PM
Subject: Re: What will happen when open outcry pit desappears ?
YOUR TRADING SYSTEMS SHOULD STILL WORK SO KEEP BACKTESTING.
-----Original Message-----
From: Dejan Corovic <Dejan.Corovic@xxxxxxxxxxxxxx>
To: Omega-Digest Forum <omega-list@xxxxxxxxxx>
Date: Friday, August 07, 1998 5:10 AM
Subject: What will happen when open outcry pit desappears ?
>Hi,
>
>There was rescently a posting on this forum remarking how on
>one US futures exchange, 'locals' become redundant within weeks
>of introduction of the electronic order matching.
>
>What I would like to ask is whether this novelty will change
>nature of the trading ?
>
>For example if computers are matching orders, than there should
>not be running at public's stops ( 'washing' ) by floor traders.
>It seems logical to expect that all the little dirty tricks floor
>traders were using against the public will simply dessapear. Like, as
>well, 'killing the public' half an hour before closing the exchange ?
>
>As well, what do you think, will we need to change and retest
>our trading systems ( with no historical data to match ) ?
>
>Regards
>Dejan
>
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