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In the convoluted logic of the pits, the fact that volume is up 15% tells them
that we like the slippage and not knowing if/when/price our orders are
filled/unfilled. The exchanges haven't got a clue of the business they are
missing out and don't appear to give a damn wheter we, the customers, like it or
not. My guess is that we'll see the European futures exchanges move in.
Earl
-----Original Message-----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, June 20, 1998 10:59 AM
Subject: Re: Chicago may consider end to open outcry
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.
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