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Strategies & Market Trends : Canadian Options -- Ignore unavailable to you. Want to Upgrade?

To: Robespierre who wrote (1432)	11/8/1999 5:51:00 PM
From: Dave.S	Respond to of 1598

Robespierre: Everyone involved in the Canadian Index futures market is frustrated over the current situation. The TXF market was very liquid and active before the SXF started trading and now both the TXF and the SXF are very hard to trade. And of course the index options are dead in both markets. The Montreal futures are waiting for approval from the SEC for the SXF contract to trade in the U.S. The U.S. firms are ready to go but need this one step. It's unclear when this will happen. The TXF will cease trading after the December expiry. I hope they haven't killed the index futures and options market in Canada by the messy way the transfer was handled. Dave

To: Robespierre who wrote (1432)	11/10/1999 6:44:00 PM
From: Fenwick	Respond to of 1598

Gee. What a shocker! With the local population reduced to 5 from 30 or 40 in Toronto and the big firms content to make program trading level markets, you have the recipe for a failure! The firms will fleece the clients for a while until they will migrate to trading Index Participation Units only. Option markets $1 wide on an as requested basis only also spells long term disaster.. They reap what they sow as far as mismanagement and total misunderstanding as to what makes a successful futures market. It hurts to think what the TXF and index options could have been with proper commitment and management.. My two cents for what it is worth as a former TXF and index options trader who now trades exclusively US index markets.