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Trade Jack wrote:
<<the only e-trading scenario that might have merit in the immediate future
is one where you can shoot your orders directly into the pit via a pit
trader's hand held device. that's available now on a limited basis.>>
Absolutely. Expansion of this is Step 1. The expansion's in the works, as
you know.
You'll see TS 5.0 totally integrated with Zap Futures (using CUBS) by the
end of '99.
Good trading,
The Omega Man
So what will be Step 2?
-----Original Message-----
From: Trade Jack <trade_jack@xxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, October 11, 1998 3:46 PM
Subject: Re: Internet and Systems (off subject)
i think this scenario is fantasy. why? the technical competence of
ts5 will have to jump a quantum leap to provide the electronic
interaction you describe. i don't believe it will happen under
current management.
plus, given the relative incompetence (note all the
cubs/tops/globex/etc down notes on this list) and illiquidty (compare
a e-zb chart with outcry-us) of the e-markets, i think open outcry
will be with us for some time to come. the only e-trading scenario
that might have merit in the immediate future is one where you can
shoot your orders directly into the pit via a pit trader's hand held
device. that's available now on a limited basis. but i think that
totally electronic markets will more resemble nasdaq level 2, a very
nasty alternative to the pits from from i've heard.
i don't believe that the electronic trading nirvana you're promoting
is viable under current technology and internet infrastructure. may
be when we can access internet2 and get 1000mhz dsp chips for our
trading boxes.
---The Omega Man wrote:
Here's another option: TS 5.0 will integrate completely and
seamlessly with the web. The path will be Signal/DBC to TS 5.0 to Zap
Futures to electronic execution system (pits will be gone) back to TS
5.0.
> Without human intervention the whole way. Omega will be a player in
this game.
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