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Gary Fritz wrote:
>
> > > Who knows. I wouldn't expect them to go back to the pre-1997
> > > levels of 0.75% ranges. It's a different world now.
> >
> > Well, apparently we're in the pre-1997 levels for some time now
> > (since mid-summer), if you do a half-yearly study.
>
> You have to go back to 1996 to get significantly below 1% and
> even to 0.75%. I'd like to hope we won't get there, but the
> trend is sure heading that way. In early 1996 the average daily
> ranges were around ***4*** handles........
I wasn't around at that time, but even just 4 handles would still
probably mean about 40 different price prints (0.1pt tick size) vs just
30 of our time. And maybe then it was less noisy too.
Regards, M
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