|
PureBytes Links
Trading Reference Links
|
Yeah Mark, I knew about it - - - and I suspect that CBOT/CME will eventually be found guilty of conspiracy to monopolize the markets (and keep Eurex out).
Eurex has lower commissions and CME/CBOT is greedy on comm's.
Like Bill Gates did - - - it will be discovered in years ahead they cut nasty "back room" deals to keep Eurex out. They may also be found to be telling data vendors if you carry Eurex, we are gonna cut you off, etc.
John
On Fri, 19 Dec 2003 01:54:34 -0500 , "Mark Simms" <mar.ko@xxxxxxxxxxx> wrote:
>John - Great idea....and...
>More good news ahead....the foreign-based EUREX exchange is coming to the
>USA....
>if they can get by all of the LEGAL LAWSUITS from the CME and CBOT and NYSE.
>See below:
>____________________________________________________________________________
>___________________
>Eurex Plans to Take Futures Industry by Storm
>By Ros Krasny
>CHICAGO (Reuters) - German-Swiss Eurex will start a global clearing link
>with Chicago-based Clearing Corp. in March, part of its low-fee plan to take
>the U.S. financial futures industry by storm, officials with the firms said
>on Tuesday.
>The link, allowing Eurex customers in the United States to clear futures and
>options trades through Frankfurt-based Eurex Clearing AG, and vice versa,
>will start on March 28, two months after the planned debut of the Eurex US
>exchange.
>http://www.reuters.com/newsArticle.jhtml?type=reutersEdge&storyID=4002826
>____________________________________________________________________________
>___________________
>
>The CME was really, really asking for this....their tech support sucks and
>their fees suck....they were just BEGGING for competition.
>
>The EUREX has many "rocking" markets....including the German BUND which is
>infamous for nasty, nasty intraday moves....
>
>BTW: were you ever able to get or use that code I sent you ?
>
>Gary Fritz did a quick study based on my recommendations using daily vs.
>hourly ranges....
>and the current S&P and Nasdaq index markets are in the worst tradeable
>shape in over 5 years....
>just to confirm your suspicions. I've had 3 close associates go bankrupt or
>very close by trading the e-minis over the past year. nuf said ?
>
>> -----Original Message-----
>> From: John blucarr [mailto:true_blue88@xxxxxxxxxxxxxxxx]
>> Sent: Thursday, December 18, 2003 6:31 PM
>> To: omega-list@xxxxxxxxxx
>> Subject: The newer, hot market to trade at the CME ?
>>
>>
>> Being a long time emini trader and being discouraged at the small
>> ranges & chop lately - - - I was pleasantly surprised lately to
>> be introduced to the Euro FX (symbol EC).
>>
>> It trades like $12.50 per tic, moves fast, great for scalping or
>> position plays. All in all I think you can earn more in this
>> market if not due to better ranges at least due to more trending
>> - - - at least on 30 or 60 min bar basis.
>>
>> For quite a while it has been in a consistent uptrend --- so you
>> can fairly safely buy any gap down on open, or other retrace with
>> more certainty of a win (certainly more than the S&P).
>>
>> Today I caught an $1800 --- >40 tic move that finished in 32
>> minutes - WOW.
>>
>> Would like to share notes with anybody who is currently trading
>> the Euro FX at the CME as well.
>>
>> Regards,
>>
>>
>> John
>>
>>
>
>
>
|