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Let it not go unmentioned that this is the very same Nymex/Comex which
stopped the use of real-time quote in electronic order entry systems in an
attempt to force wider payment of $60 real-time exchange fees!!! I for one,
can and will find plenty of other futures markets to trade where electronic
order entry systems are supported. Worthy of note is the CBOT's announcement
that they will cut the real-time fees in half to $30 effective January 1. If
the exchanges had any real sense, they'd cut the fees to $5-$10 to encourage
more traders to trade their products.
Earl
----- Original Message -----
From: <I4Lothian@xxxxxxx>
To: <realtraders@xxxxxxxxxxxx>
Sent: Saturday, October 02, 1999 9:16 AM
Subject: FUTR: Nymex/Comex Follies Herald End of Open Outcry Trading????
With the follies at the Nymex/Comex this week, the inking of the Eurex/CBOT
deal and the announcement by the MGE they will enter into an agreement with
a
company called ePit to develop an electronic commodity exchange, could this
week have been the turning point for the end of open outcry trading in the
U.S. as we know it.
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