|
PureBytes Links
Trading Reference Links
|
The only justification left for open outcry is for the floor traders to
make a living off the public specifically the off floor trader wannabees,a
few hundred dollars with no risk a day is nice way to make a livingfor the
floortraders, you know. Also lesser fill disputes potential as in real
time live computer trading,what you see is what you get. Also these so
called disputes...guess whose side the exchnages or arbitration commitees
will side
on/sympathetic and waste everybody's time. Open outcry leave holes for
floor people to steal no wonder they be figthing tooth and nail against
full computer trading to the bitter end (last minute) and yes they are not
there for charity either.
Let's hope someday we'll all be computer based. whether for the local
exchange only or integrated exchanges worldwide...maybe...just maybe...the
little guy (whatever his trading/analyzing "religion maybe..") may finally
get a chance....
Just my opinion...
Mervin Yeung wrote:
> Dear Jim & RTs,
>
> Do you know which Exchanges in the world are open outcry and which
> Exchanges on the planet are using computer to do the job? I want to
> know where I can find the information on this topic. I want to know if
> computer system is superior to the open outcry. I heard Hong Kong has
> switched to computer system. However, in America, people in Exchanges
> prefer to maintain the tradition. Open outcry must have some
> advantages. Any comments?
>
> Thanks in advance!
>
> Mervin
>
>
|