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To: Patrick Slevin who wrote (35643)2/27/1998 6:50:00 AM
From: Patrick Slevin  Respond to of 58727
 
CNBC's version of Fair Value.

tradersdigest.com

I have to get the kids off to school, so I have not finished reading it. I did notice one small error. I find it queer that CNBC thinks Globex trades S&P futures until 9:15 EST. Someone should tell Mark Haines he is watching the runoff. Globex stops trading at 9:00 EST.

The second point that is incorrect is their view that program trading may occur on the open. We've already hashed out why that does not happen.