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PureBytes Links
Trading Reference Links
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Sorry, didn't make it clear enough that the post on "secrets" of trading
was copied from the source given...one I've found useful (and have no
connection with -just find it a good source of futures info...and it's
free)..
Another news item of interest possibly to others and especially to me
since i trade on "Project A" as a local/member follows. I'm sure
Globex will follow soon.. Wonder what the exchanges will do with all
those massive trading floors??
CHICAGO, July 28 (Reuters) - Chicago Board of Trade directors at a
special meeting Tuesday approved a controversial plan to permit
concurrent
electronic and open outcry trading in the exchange's benchmark Treasury
futures contracts.
The plan, which must pass a membership vote before it can proceed, is a
bold departure from the exchange's 150-year tradition of daytime auction
markets and acknowledges the growing popularity of screen-based trading
systems.
CBOT directors voted ``overwhelmingly'' in favor of the plan this
afternoon, an exchange spokesman said.
Pending an August 18 membership ballot and regulatory approval, the
exchange plans to provide daytime access to financial futures products
on its
electronic system beginning September 28.
Exchange leaders said the aggressive action was necessary to protect
CBOT against loss of market share to upstart competitors such as the
Cantor
Financial Futures Exchange, an all-electronic venue that plans a
late-summer launch.
``We must be competitive and visionary to remain the industry leader. To
preserve these markets, particularly open outcry, we are making a
preemptive strike on any entity which might emerge as our competitor,''
CBOT Chairman Pat Arbor said in a statement.
>From Yahoo news
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