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To: Dan Clark who wrote (8106)4/1/2000 8:47:00 AM
From: Robert Graham  Respond to of 12617
 
I understand now. So what you are saying is that you do not like paying the inflated price of $50, but you find it still worthwhile. Perhaps you think this should not cost anything at all. I can see how a case can be made for this. For the exchange is charging fees for every trade made. I can see where this comment of yours comes from now. So why should there be additional cost barrier for the trader to do something that generates the exchange money?

I think the CME has the right idea here. The have *dropped* down the price of real-time quotes on trading instruments, particularly future contracts that were designed to appeal to the public trader. Now all that needs to happen is the required margine for day traders to be halved again, and the CME can attract allot of business. Same principle here, but perhaps should be applied by the NASDAQ exchange as well, but of course for all issues that are traded.

Thank you for your clarification. I see we are on the same page.

Bob Graham