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Re: Bear MKT



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Doctor, how has the RAES system performed throughout this high VIX period?  

Are trades being filled rapidly and are the bid/asks being quoted any
differently?  

Are there any circumstances when RAES trading would be halted?  

How about having the CBOE set up an electronic order entry system for small
accounts to trade directly on RAES without having to go through the
numerous brokerages that failed to service accounts properly?

Thanks,
BobR

At 12:06 AM 10/29/97 -0600, you wrote:
>A lot of talk about it was different this time.
>
>VIX ended today at about 30%.
>
>A 30% vol implies +/- 500 POINTS MORE FREQUENTLY than once every ten
>years.  In fact about 1% of the time.
>