|
PureBytes Links
Trading Reference Links
|
RT's
Changed the subject of this post to open discussion on this subject. I am interested in
exploring ways to possibily support, encourage and speed up the process of getting the
American futures exchanges to permit the conversion to electronic trading. The CBOT and
its menbers are standing in front of it in a big way. Their trading advantage, value of
their memberships and seats are at stake while the remote traders and public will
benefit. They will ultimately not be able to prevent it by staying in the way of
progress forever. But it is like kind to trying to get tax reform in the US. The large
special interests will lobby against and fight it forever if necessary. Is there
anything that we as individuals or perhaps collectively as a group of those of us who
care can do to organize to voice our support for the conversion to electronic trading
with the regulatory agencies and support it with real life examples of the abuses we see
and experience everyday trading in a open outcry pit including low ticking, high
ticking, quick gun stop slippage, market order fill slippage, no transmisson of bid,
ask, volume etc.?
JD
Gwenn Ael Gautier wrote:
> No worries, this is going to be all electronic within the next few years. LIFFE, the
> king of all exchanges in Europe, is losing institutional business like hell to DTB.
> Open outcry is dead, it is just a matter of time now...
>
> Gwenn
>
> Earl Adamy a écrit:
>
> > Aye, but there's the rub - the inefficiencies create opportunity to skim
> > additional profits from the customer's pocket so those who reap the benefits of
> > the inefficiencies will fight automation and electronic trading tooth and nail.
> > As one who is relatively new to futures but not to trading, I am constantly
> > amazed at what is allowed to go on in the pits, the apparent lack of supervision
> > of the industry's shills by the CFTC, and the failure of automation to make the
> > kind of headway it has made in the major stock brokerages and stock exchanges.
> >
> > Earl
> >
> > -----Original Message-----
> > From: A.J. Carisse <carisse@xxxxxxxxxxx>
> > To: realtraders@xxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxx>
> > Date: Saturday, May 09, 1998 3:24 AM
> > Subject: Re: Orders : Cancel - Replace (Don't do it)
> >
> > >novice would not advantage him/herself of this option. If it does indeed
> > >create more problems than it solves, then the efficiency of the process must
> > >be improved if the level of service provided is going to be even adequate.
|