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

To: TFF who wrote (11367)	9/28/2004 3:13:30 PM
From: Michael Friesen	Respond to 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...