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I think Dan was referring to the NASDAQ exchange, not the futures contract
traded at the CME. As far as I know, the NASDAQ doesn't have, nor did it
ever have, a physical pit for trading. It's always been completely
electronic, and at volumes exceeding 1 billion shares/day, seems to have
held up pretty well.
Regards,
Don
-----Original Message-----
From: The Jackal <tradejacker@xxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Thursday, June 10, 1999 3:34 PM
Subject: Re: Electronic Trading
>yep, and the delay in the e-nasdaq is because the cme had to physically
>construct a pit on the floor. although the e-system will do the lion's
>share of business, the pits will be around for a long, long time.
>
>TJ
>
>--- Dtrader <dan@xxxxxxxxxxxxxxxxx> wrote:
>is that why they still maintain pits in the Nasdaq. eh?
>
>
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