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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (11165)	2/11/2004 12:39:54 PM
From: Esteban	Respond to of 12617

They don't have the costs associated with a pit so over the long term they will be more cost efficent than CBOT. Probably true, but IMO they've got to attract market share away from CBOT first. I thought they would offer decimal trading. 100's instead of 64's would give me a reason to try them. With no need to please floor traders scalping the spread, why not? Maybe they are counting on built up resentment over the years. It was rather transparent of CBOT to reduce their fees only one week before Eurex US opened. We can guess what will happen to them if they have a monopoly again. Esteban

To: TFF who wrote (11165)	2/11/2004 12:41:00 PM
From: LPS5	Respond to of 12617

That's exactly it. Eurex trades many more markets (it is indeed pan-European in scope) than CBOE does, and at very low costs; costs that would seem likely to decrease with increased expansion. Cheap, one-stop shopping in an electronic format, not to mention a newfound awareness of (and aversion to) single points of failure, is quite attractive to financial market participants. And, one can't discount the effect upon consumers to the prospect of competition in a market where there previously was little or none. LPS5