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Same on electronic screen Norm, only that instead of 100 traders you may have
thousands...
Gwenn
>
> John,
> Thanks. Yes, a marketplace can be provided by many different types of
> mediums. Only a centralized
> trading pit environment can provide that extra emotional intangible factor that
> provides the best liquidity.
> There is a group dynamic generated in a trading pit that can not be reproduced
> anywhere else. Imagine yourself in a trading pit jammed with 100 traders, ad you
> are trading for your own account. A broker
> ask for a market and 100 voices compete to be first with the highest bid and the
> lowest offer. It is a split second response. The response from the market
> participants is instantaneous. Don't you think, with all that intense emotion to
> offer the best market, that the customer is going to benefit?
>
> Intensely,
>
> Norman
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