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I has already been done and it is called a spider, SPY, and it trades on the Amex.
Ira
Donald Thompson wrote:
> Intel55@xxxxxxx wrote:
> >
> > In a message dated 12/3/98 8:50:10 AM Central Standard Time,
> I don't know why
>
> That the trouble with monopolys.. All we need now is a law written
> making it ok to
> turn the E-Mini and the S&P 500 Futures contract as a financial
> instruement to be a true commodity. Ubiquitous. Such that Merril Lynch
> or some brokerage company could write out a leveraged futures
> ADR. Then the thing could trade on the NYSE or NASDAQ which has an
> established electronic trading network..
>
> Don
>
> > comfut@xxxxxxxxxxxxx writes:
> >
> > <<
> > For all of you in favor of all electronic trading........The e-mini system
> > is down.....the minds at the cme are trying to figure out what to do
> > next.............
> >
> > Beautiful for those that need to exit a position............
> >
> > Maybe open outcry is here to stay.....don't sell those seats, yet........
> >
> >
> > Tom
> > >>
> > It was very amusing for the E-mini traders on the open today. I guess at the
> > ding of the bell, the E-mini pooped out. They made an announcement to the pit
> > and a bunch just laughed. I guess they are adding a bunch of memory to the
> > system right know to handle more "hits per second." There may be even some
> > individuals slowing down the system deliberately. Anyway it is the Euros which
> > run the CME (based on revenue), along of course with the brokers. If some
> > system were to take the Euros away from us, then good bye exchange. What they
> > need to do in the mini is make an internet web interface so you can trade
> > through the Merc on the computer. Or hey sell electronic
> > memberships....hmmmmmmmmm look at the volume of the mini. INCREDIBLE. Now just
> > for a moment think what would happen if we had MORE price points (maybe 00,
> > .20, .40, .60, .80, 00 ......or maybe just .10 like the big) and you were able
> > to trade larger. The contract would explode. THE mini will work out fine in
> > the future, but the brokers that run the exchanges obviously do not want it.
> > Once the mini is working faster and more efficiently, maybe like the new Eurex
> > or Liffe's Connect, the contract and electronic trading will become the
> > dominant trading platform.
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