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At 01:42 AM 2/18/99 , you wrote:
>Noway any human in between the buyer and seller is a time tax to ET that's
>no longer affordable. Open outcry is no longer the fairness nor efficient
With regards to fairness, when you witness pit ettiquite displayed,
its quite touching. You can see the bigger locals share their fills with
the smaller frys.
X local starts turns the market and after a while, is join by a couple of other
fellas. They are the once are making the market for the the bid.
Paper comes in, and it gets shared.
When it comes to electronic systems, first come, first served. Fair?
Maybe but certainly reflects a different outlook or philosophy to life.
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