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Re: changeover of pit positions

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<DIV>Robin,</DIV>
<DIV>&nbsp;</DIV>
<DIV>It just is a sign that the September contract is becoming the most 
traded/active contract and that June is just for the guys who are hedging or who 
are wanting to take delivery or deliver.</DIV>
<DIV>&nbsp;</DIV>
<DIV>The top step is where the bigger traders in the pit are.&nbsp; The bottom 
step is for the smaller players.&nbsp; Basically if you are a speculator you are 
advised not to trade in Bonds during the calendar month of expiration ie don't 
trade June Bonds in June if you can help it.</DIV>
<DIV>&nbsp;</DIV>
<DIV>&nbsp;</DIV>
<DIV>David Hunt<BR><A 
href="http://www.adest.com.au";>http://www.adest.com.au</A><BR></DIV>
<BLOCKQUOTE 
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
  <DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV 
  style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B> 
  <A href="mailto:rjeanhall@xxxxxxxxxxxxxxxx"; 
  title=rjeanhall@xxxxxxxxxxxxxxxx>robin hall</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>To:</B> <A 
  href="mailto:realtraders@xxxxxxxxxxxxxx"; 
  title=realtraders@xxxxxxxxxxxxxx>RealTraders Discussion Group</A> </DIV>
  <DIV style="FONT: 10pt arial"><B>Sent:</B> Friday, May 28, 1999 11:32 PM</DIV>
  <DIV style="FONT: 10pt arial"><B>Subject:</B> changeover of pit 
positions</DIV>
  <DIV><BR></DIV>
  <DIV><FONT color=#000000 size=2>hi ya all</FONT></DIV>
  <DIV><FONT color=#000000 size=2></FONT>&nbsp;</DIV>
  <DIV><FONT color=#000000 size=2>what does the following mean? 
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      <TD>Effective Friday, May 28, 1999 - September U.s. Treasury Bonds will 
        trade in the Top section of the pit and June U.s. Treasury Bonds will 
        trade in the Center of the pit. <BR>All other delivery months will 
        remain in their current positions. </TD></TR></TBODY></TABLE>
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  <DIV>&nbsp;</DIV>
  <DIV>&nbsp;</DIV>
  <DIV><FONT color=#000000 size=2>thanks</FONT></DIV></BLOCKQUOTE></BODY></HTML>
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