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Strategies & Market Trends : Canadian Options
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To: Jan Johnstone who wrote ()1/6/2000 1:49:00 PM
From: Robespierre   of 1598
 
Any interest in opening a Globex trading room in Toronto?

The Montreal Exchange will be automating futures on the CME's Globex system. I hear that this may occur by the end of this year. I imagine that there should be some demand for ME trading memberships from Toronto-based traders as automation should allow old TFE floor traders to trade ME contracts (as well as CME contracts!) from Toronto. In addition, if options are ever automated, options traders can move back to Toronto and use this room. The room can also be open to Mini-S&P/NASDAQ 100 traders, Globex currency traders - I would imagine that there are thousands of such traders in Toronto. The room can also be open to NASDAQ daytraders in conjunction with a NASDAQ brokerage if Globex traders don't fill it up. Is this a good business idea or am I crazy?
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