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Let them trade on Nasdaq Level II you wont need a broker or have problems with
fills.
Joe Frabosilio
Ira Tunik wrote:
> Can you imagine what would happen if they were listed on the NY exchanges along
> with OJ and some of the others. Ira
>
> Dick Crotinger wrote:
>
> > Well, if the futures conformed to current regulations, "insider trading"
> > *would* be legal, and might even serve to offload the burdens (regulatory
> > and administrative) that currently occur on plain old stock.
> >
> > Might even be MORE cost effective for the SEC and CFTC than what's currently
> > in place.
> >
> > Dick Crotinger
> >
> > ----- Original Message -----
> > From: Daniel Goncharoff <Daniel.Goncharoff@xxxxxxxxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Friday, March 03, 2000 9:40 AM
> > Subject: [RT] Re: Stock futures.
> >
> > > Can anyone explain why you would even consider single stock futures
> > instead of
> > > just loosening margin requirements and eliminating the uptick rule? Plus
> > consider
> > > the administrative burden introduced to monitor insider trading, front
> > running,
> > > etc. in both the futures and the stocks at the same time (of course, we
> > have that
> > > same burden for options now, so it IS managable).
> > >
> > > Regards
> > > DanG
> > >
> > > I4Lothian@xxxxxxx wrote:
> > >
> > > > We already have single stock futures here, they are called synthetic
> > futures
> > > > by buying a put and selling a call at the same strike on the options on
> > a
> > > > stock, or visa versa.
> > > >
> > > > Thus, you can effectively use futures-like equivalent to hedge or trade
> > > > stock, but it is costly and cumbersome. The time is now to change the
> > laws
> > > > and open the U.S. markets to innovation before some offshore non-U.S.
> > > > exchange creates the market and attracts the volume.
> > > >
> > > > I believe single stock futures would attract additional volume to stocks
> > and
> > > > create additional arbitrage opportunities which will only help liquidity
> > in
> > > > the underlying stocks. Combine that with a central time price order
> > book for
> > > > stocks and I think you have some efficient markets and an up to date
> > > > regulatory structure in the making.
> > > >
> > > > Regards,
> > > >
> > > > John J. Lothian
> > > >
> > > > Disclosure: Futures trading involves financial risk, lots of it!
> > >
> > >
> > >
> > >
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