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Re: Re[2]: Globex2 in home



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In a message dated 7/1/01 11:25:00 PM Central Daylight Time, 
markbrown@xxxxxxxxxxxxx writes:

<< actually  you  are  getting  ripped  in  the  electronic pit, at least
 recently  a  major firm changed ownership over night because they were
 caught stealing millions per day, front running. >>

***** I have my ear to the ground and my eyes on the net and I saw nothing 
about this.  Would you care to share details?  Privately is fine.

***** There is no electronic pit, eminis are traded almost exclusively on 
Globex2, a trade matching engine.  There was an all or none pit for larger 
orders, but the max size of the orders has been increased to where they can 
plant flowers now in that space on the floor.

***** I run 3 different online systems, on only one of them could I front run 
an order.  And none of my clients who are trading large enough for me to 
front run would be set up for catch and release.  They would all be set up 
for direct routing.  I don't quite see how this front running is occurring at 
the  brokerage level.

Regards,

John J. Lothian

Disclosure: Futures trading involves financial risk, lots of it!