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Seems a lot of good points have been made for both ET and open outcry. I
only see what stocks have done and its unbeatable. Should or can futures be
slower in executions than stocks? Its that way right now and unless open
outcry leaves it will remain that way.
Robert
Andrew wrote:
>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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