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Yes and covered a short last night (9-20-00) at 97-20, the low as opposed to
it having to tic to 19. Electronics will have their place if not become the
place, I believe. Their instant fills (knowing whether you are in or out
will rule out I believe as opposed too, if you have ever been trapped on an
" not sure if you are filled or cancelled and the floor broker is too busy
to respond".
I used to worry about liquidity on the electronic but if you look the
volumes, they are already large enough on bonds after only a few weeks. The
writing is on the wall and the pits and they feel the pressure. The jobless
claims may be increasing.
don ewers
----- Original Message -----
From: <I4Lothian@xxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, September 21, 2000 3:19 PM
Subject: Industry Doings
> The LIFFE announced they will be the first exchange to introduce futures
> contracts on individual international equities, i.e., single stock
futures.
>
> The CBOT and CME, within 3 hours, issued a joint press release commenting
on
> the LIFFE's plans and putting the spotlight on the securities exchanges
> putting up roadblocks to progress on repealing the 18 year old Shad
Johnson
> accord.
>
> Amazing how fast these two exchanges where able to put their differences
> aside and issue this statement. Makes one think they knew this
announcement
> was coming.
>
> The CBOT Directors voted to bring a members vote to bring side by side
> trading to the agricultural trading floor. Soon we will have a/c/e
trading
> of soybeans, corn, wheat, bean oil, meal and rice.
>
> Anyone trade a/c/e bonds yet?
>
> Regards,
>
> John J. Lothian
>
> Disclosure: Futures trading involves financial risk, lots of it! John J.
> Lothian is the President of the Electronic Trading Division of The Price
> Futures Group, Inc., an Introducing Broker. The opinions expressed are his
> personally.
>
>
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