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RE: CME reverting to original Globex



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Let's face it: the only electronic trading platform that has proofen it's
reliability even in markets trading up to 800 thousands of contracts per day
is the DTB/Eurex system. CME's Globex II is in fact the french NSC system,
which has failed recently at the Matif itself. In my opinion the CBOT has
made a wise decision to join the Eurex system for electronic trading
beginning sommer next year.

My favorite scenario: a merger of CME/CBOT, discarding Globex/II and the
ability to trade all contracts of both exchanges over the new Eurex/CBOT
system. With the announcement to trade even the softs (cocoa, coffe etc.) at
the CBOT, only the energy-complex would be missing to have one reliable
electronic trading platform for all major future-markets.

Just dreaming?    We will see ...

Martin





       > -----Original Message-----
       > From: Earl Adamy [mailto:eadamy@xxxxxxxxxx]
       > Sent: Friday, September 25, 1998 4:16 PM
       > To: List-omega
       > Subject: CME reverting to original Globex
       >
       >
       > Anyone remember the CME's denial of problems which was
       > posted to the list
       > yesterday afternoon? Perhaps not all of the e-mini
       > problems are LFG's.
       >
       > Earl
       >
       > -----Original Message-----
       > From: support@xxxxxxxxxx <support@xxxxxxxxxx>
       > To: eadamy@xxxxxxxxxx <eadamy@xxxxxxxxxx>
       > Date: Friday, September 25, 1998 7:23 AM
       > Subject: Important Notice - E-Mini Contract
       >
       >
       > >The Chicago Mercantile Exchange has decided to revert
       > from GLOBEX II to
       > >the original GLOBEX platform.  This will take some time
       > so in the interim,
       > >we are accepting MARKET ORDERS ONLY for the S&P E-Mini contract.
       > >
       > >These orders will be routed to the floor for open outcry trading.
       > >
       > >We will keep you informed of any developments.
       > >
       >