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At 09:29 AM 10/24/98 -1000, Doug Deming wrote:
>>What happened to all the pundits on this list that were predicting the end
>>of open outcry and the new dawn of computer trading? C'mon come out of the
>>closet. It's funny if you back tested the concept, you would have been
>>right. But guess what, the one exception is Chicago. We already had locals
>>with over 150 years of pit trading tradition.
>>WARNING:Once on an Omega list you never get off, not even if you die.
>
>
Doug wrote
>I believe the open outcry system will be replaced with an electronic system
>within the next 3 years. The Emini is proof of the potential success.
>Globex2 is a mess but when they get their act together it may become the
>birth of the electronic system which replaces the open outcry.
>
>
Doug I agree anybody who thinks different is gonna lose. All you have to do
is look at stock boys and see the volume and money their making. Follow the
money I say the echanges will.
Robert
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