Re: Chicago may consider end to open outcry

["BrentinUtahsDixie" <brente@xxxxxxxxxxxx>]

Thanks for posting this Michael, I think electronic trading will happen at
most exchanges as surely as most people don't drive Model T cars. It's
obvious that once implemented it is a superior method for most traders. We
should let the exchanges and our brokers know that we want this.

Brent 

----------
> From: Adcall <adcall@xxxxxxxxxxx>
> To: omega-list <omega-list@xxxxxxxxxx>; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
> Subject: Chicago may consider end to open outcry
> Date: Saturday, June 20, 1998 8:20 AM
> 
> Electronic trading edges closer according to the following front-page
article from today's London "Financial Times".
> 
> Michael Soliatis
> 
> ---------------------------------
> SATURDAY JUNE 20 1998 
> 
> Chicago may consider end to open outcry 
> 
> By Paul Solman in London
> 
> The Chicago Board of Trade, the world's largest futures exchange, is 
> positioning itself for a move to full electronic dealing if its 
> customers demand a switch from traditional open-outcry trading.
> "We see no reason to change from open-outcry trading, but we will make 
> certain we are ready, so that, if we have to move to electronic dealing, 
> we can," said Pat Arbor, CBOT chairman, yesterday.