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Re: The newer, hot market to trade at the CME ?



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Dennis:  I'm glad you pointed this out.  Some of the transactions are indeed
negotiated between parties.  This is not to say that the transactions are
not honest, but they are definitely not electronic nor are they transparent,
in my opinion.
Regards,  Jack.
----- Original Message ----- 
From: "DH" <catapult@xxxxxxxxxxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Saturday, December 20, 2003 6:51 PM
Subject: Re: The newer, hot market to trade at the CME ?


> > keep EUREX out of the US
>
> Competition is good but Eurex is bogus. They claim to be all-electronic
> but they have institutionalized back-room deals between big players that
> never show up on the books. These deals would never pass US regulators'
> scrutiny, even as lax as it is. Their quotes are bogus too - just
> snapshots of the market, not showing every tick.
>
> Remember the old saying - be careful what you wish for, you may get it.
> :-)
>
> -- 
>   Dennis
>