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In responce to the below message:
You know... another way to view this 'happy' event is simply that the
CME has effectively DOUBLED its fees for the same level of profit/loss
potential. (Same for the Brokers and Clearing houses.)
Is the CME offering to split THEIR fees in half? How about the Brokers?
Will they also split their commissions in half?
When it really comes down to it...someone who can't afford a $16,000+
margin usually cannot afford $8,000 either.
Maybe thats why the MIDAM volume/OI numbers in the grains are so low
compared to the CBOT.
This isn't a complaint....just an observation.
Success in your trading.
Ryan Garrett
telerate@xxxxxxxxxx
=================================================================================
Subject:
Re: Floor Traders-Sloppy Executions
Date:
Fri, 1 Aug 1997 17:13:02 -0400 (EDT)
From:
Intel55@xxxxxxx
To:
RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Well you all should be happy to know that the Merc is splitting the S&P
in
half. THey are dropping the multiplier to $250 from 500 and taking out
the
.05 ticks, so there is only .10 ticks (stsill same $25 tick change).
They
want to drop the average daily dollar move from $6,000+ to about $3,000.
Also
the "mini" is coming very soon. THey are working on the mini area right
now.
So these moves should enhance liquidity and allow the smaller players a
chance without getting killed and then killed again. Margins will also
be cut
in half. Should happen in Sept!!!!!!!!!!!!!1
YEehaawwwwwwww
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