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RE: [RT] Re: SingleStockFutures further delay



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Yesterday it was calls 44071983  puts 25287341..... Our open interest is
huge relative to our trading volume.

-----Original Message-----
From: Norman Winski [mailto:nwinski@xxxxxxxxxxxxxxx]
Sent: Wednesday, October 17, 2001 3:55 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] Re: SingleStockFutures further delay


Bobr,
No open interest data?

N
----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, October 17, 2001 3:39 PM
Subject: Re: [RT] Re: SingleStockFutures further delay


> Alex, attached is a snapshot of the ISE options trading summary for 10/16.
> Do you have any comments about its usefulness for measuring market
sentiment
> in terms of a P/C ratio?
>
> thanks,
> bobr
>
> ----- Original Message -----
> From: "Jacobson, Alex" <AJacobson@xxxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, October 17, 2001 12:19 PM
> Subject: RE: [RT] Re: SingleStockFutures further delay
>
>
> > Yes and no.  No market has really established themselves as being a
> serious
> > contender in this product.  My view is the reason the industry isn't
> rushing
> > is the lack of success -- so far -- in the markets where they trade.
The
> > other issue is can a market really establish good price discovery when
the
> > primary market is not available.
> >
> > The current delay relates to have to bear the cost of the price
reporting
> > systems.  A new system has to be built and funded.  The way it works is
> that
> > if one exchange will trade them .. they pay the whole development cost.
> > When exchange two comes in it pays exchange 1 back 50% of the cost and
so
> > on.  No exchange has yet raised their hand as exchange one .. ready to
> go..
> > and fund the project.
> >
> > They are a money loser for the exchanges that trade them now.
> >
> > Candidly I think the exchange decision makers have always had a wait and
> see
> > attitude about them and any delay is "somewhat" welcome.  It has nothing
> to
> > do with any regulatory roadblocks     .. the regulation stuff is pretty
> much
> > done ....  it's just time to pull the trigger and write some big checks
> ...
> > which will eventually get written.
> >
> > -----Original Message-----
> > From: rmac@xxxxxxxx [mailto:rmac@xxxxxxxx]
> > Sent: Wednesday, October 17, 2001 3:11 PM
> > To: realtraders@xxxxxxxxxxxxxxx
> > Subject: [RT] Re: SingleStockFutures further delay
> >
> >
> > Doesn't that put us further behind Europe. I would think that we
> > would be giving up a considable amount of this business to them
> > because of the delay?
> >
> > Ron
> >
> >
> > --- In realtraders@xxxx, "Jacobson, Alex" <AJacobson@xxxx> wrote:
> > > SSF's have been put back until at least the end of March 2002.  If a
> > > securities exchange doesn't start the tech work ASAP   ... and none
> > have yet
> > > raised their hand to start .... they will be put back till probably
> > June at
> > > the earliest.
> > >
> > > Alex Jacobson
> > > Vice President Business Development
> > > I S E
> > > 212 897 8125
> > > 212 425 4926 (FAX)
> > > 877 7209918  (SKYPAGE)
> > > ajacobson@xxxx
> >
> >
> >
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> >
> >
> >
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> >
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>
>
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