|
PureBytes Links
Trading Reference Links
|
Kevin wrote
>And finally, what does tops have to do with exchange officials?
Member firms plug in their own trading software into the CME's TOPS (Trade
Order Processing System) such as LEO. TOPS therefore connects up the
brokerage, exchange and customer - When Tops isn't functioning properly end
customers fills get delayed.
Its the CME's responsibility to make sure that TOPS functions 100%-
otherwise its like the lights going out at night time football matches - or
like on Friday when the Emini just stopped trading for 7 minutes and there
was a 2-3 point difference in the last price of the mini {prior to the
breakdown} and the full s&p as it continued trading
We all pay Exchange fees, what do you suppose thats for ? The CME has a
responsibility to provide and maintain a market and that includes 100%
reliability of TOPS every second of the trading day - and if they screw up
why should the CME or any Exchange be exempt from litigation and damages ?
http://www.cme.com/electronic/index.html
|