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Can you tell us a bit more about Globex2? Will it operate during the day
session? If so: will full S&P contracts trade or just the emini?, other
contracts beside S&P? what kinds of orders are supported? Does side by side mean
that they'll run both pits and electronic during the day session?
Earl
-----Original Message-----
From: Intel55@xxxxxxx <Intel55@xxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, July 24, 1998 7:06 PM
Subject: Re: Globex
>Globex is the future of trading. I am a member at the CME and a local in the
>S&P 500 pit and all the talk is using GLobex2 starting in Sept. The E-Mini on
>Globex allows fills in a second with no out trades. Imagine placing an order
>and getting a fill back within 2 seconds. In the pit there can be numerous
>markets , whereas on Globex there is just one market. The CBOT voted today to
>go with side by side electronic trading. They do not care about Cantor
>anymore. They are going electronic. Instant fills from anywhere in the world.
>Globex allows you to get your trades done when you want them. Look at Liffe
>and DTB, look what happened to the Matif. Globex is cheaper and more efficent.
>The banks do not care about the brokers, they care about costs. The big banks
>could dump the exchanges and set up their own clearing firms to clear
>electronic. Look at the seat prices at the CBOT and CME. They are dumping b/c
>people are unsure of how the CME and CBOT will fare in a world of electronic
>trading. Globex is the future platform for trading due to lower costs and more
>efficiencies.
>IMHO......
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