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Re: Australian Markets



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> Fully electronic should improve the quality of the data feed. Timberhill
IB are apparently planning to offer their workstation for the SFE in the 4th
quarter of 1999.

Just wondering - the advantage that a LOCAL has now (if any)  which I'm sure
they do have.   How will that be maintained?   What advantage will a member
of the exchange have when they go electronic?   Will the members be the only
ones who have possession of the order entry terminals?   Or will there be
some type of cash compensation?

Up Top,
Mark Brown