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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TFF who wrote (11367)9/28/2004 3:13:30 PM
From: Michael Friesen   of 12617
 
Nachamah Jacobovits, Nymex spokeswoman, said customers would also still be able to pick up the phone and call in orders. "We think our big advantage is open outcry; it's the source of liquidity for our markets. We're looking to reinforce that, not take away from it."

What I just love about NYMEX's response, is that it took them until the *day* when CBOT competes with them, to "reinforce" the open outcry model. Why couldn't they have implemented this a year, or 2, or more, ago?

LOL - pit traders die hard I guess...
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