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Intel55@xxxxxxx wrote:
>
> In a message dated 12/3/98 8:50:10 AM Central Standard Time,
I don't know why
That the trouble with monopolys.. All we need now is a law written
making it ok to
turn the E-Mini and the S&P 500 Futures contract as a financial
instruement to be a true commodity. Ubiquitous. Such that Merril Lynch
or some brokerage company could write out a leveraged futures
ADR. Then the thing could trade on the NYSE or NASDAQ which has an
established electronic trading network..
Don
> comfut@xxxxxxxxxxxxx writes:
>
> <<
> For all of you in favor of all electronic trading........The e-mini system
> is down.....the minds at the cme are trying to figure out what to do
> next.............
>
> Beautiful for those that need to exit a position............
>
> Maybe open outcry is here to stay.....don't sell those seats, yet........
>
>
> Tom
> >>
> It was very amusing for the E-mini traders on the open today. I guess at the
> ding of the bell, the E-mini pooped out. They made an announcement to the pit
> and a bunch just laughed. I guess they are adding a bunch of memory to the
> system right know to handle more "hits per second." There may be even some
> individuals slowing down the system deliberately. Anyway it is the Euros which
> run the CME (based on revenue), along of course with the brokers. If some
> system were to take the Euros away from us, then good bye exchange. What they
> need to do in the mini is make an internet web interface so you can trade
> through the Merc on the computer. Or hey sell electronic
> memberships....hmmmmmmmmm look at the volume of the mini. INCREDIBLE. Now just
> for a moment think what would happen if we had MORE price points (maybe 00,
> .20, .40, .60, .80, 00 ......or maybe just .10 like the big) and you were able
> to trade larger. The contract would explode. THE mini will work out fine in
> the future, but the brokers that run the exchanges obviously do not want it.
> Once the mini is working faster and more efficiently, maybe like the new Eurex
> or Liffe's Connect, the contract and electronic trading will become the
> dominant trading platform.
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