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Question: What do Floor Traders have to pay as far as commissions go?
Do you know? Does anyone?
----- Original Message -----
From: "Kent Rollins" <kentr@xxxxxxxxxxxxxx>
To: "OmegaList" <omega-list@xxxxxxxxxx>
Sent: Sunday, May 21, 2000 1:11 PM
Subject: Beneficiaries of "liquidity" (was Re: Where is the Futures Industry
Headed?)
> Free trades? Why should you get free trades? Because you provide
> liquidity? Who benefits from the liquidity you provide? Banks? Mutual
> funds? Soros?
>
> If you don't pay anything to trade, who will provide you the
> computers/networks/accounting systems to trade with? Those things cost
> money. Will the banks and Soros pay for those systems so you can provide
> them with liquidity? Who will trade against other parties when those
other
> parties own the systems?
>
> If you think trading [healthcare/education/software] is expensive now,
wait
> until it's free.
>
> Kent
>
>
> -----Original Message-----
> From: [ tradergirl ] <tradergirl@xxxxxxxxxxxxxxxxxx>
> To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
> Date: Sunday, May 21, 2000 3:07 AM
> Subject: Re: Where is the Futures Industry Headed?
>
>
> A computer, an internet connection = floor trader on the digital
marketplace
> somehow, someday . . . I pray before I go to bed each night, that brokers
> will
> stop skimming off the top $10/rt or whatever on my 50 lots. Come on!!!
$500
> a pop!!! give it up!!! It isn't bad for the newbie who thinks $16/rt is
> great. But
> when we do volume? It is ridiculous and SOME of us more intermediate
> traders
> know exactly what I am talking about. I think we should get free trades
> after 10
> lots for the sake of us creating liquidity. How is that for a concept?
>
>
>
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