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

To: Vectra who wrote (926)	3/25/1998 1:25:00 PM
From: Goldberry	Respond to of 1598

Regardless of whether you or Porter are fully correct the fact today is something is needed to restore confidence and to avoid more fiascos. Maybe another committee meeting is in order to ensure the problem is addressed and corrected.

To: Vectra who wrote (926)	3/25/1998 6:29:00 PM
From: Porter Davis	Read Replies (2) \| Respond to of 1598

Phil, oops! I mean Vectra--get your facts straight before you call me a liar. If you like, I will get you the OFPC meeting minutes from the 1986-7 period where we went on record requesting an electronic book. We were not dragged 'kicking and screaming' into MOST trading. Rather, we worked with exchange programmers to develop the auto-rotate system, which ensured that our quotes were instantly updated and we could end the laborious and frustrating necessity of constant manual rotations. To suggest that somehow Leaps were a product developed to resuscitate the Canadian options market is a gross distortion. Leaps was developed and is copyrighted by the CBOE, and are liscenced to the TSE. I have been a specialist on ABX Leaps since shortly after they were introduced here, and they are no great shakes. The vaunted margin reforms you mention are a joke. Whatever...I won't bore this thread with any more 'inside the beltway' carping. Why don't you stop hiding behind anonymity, taking potshots? Tell everyone who you are and what you bring to the party. Tell us where you stand on the issue of "non-member" principal accounts, a loathsome little ruse that Exchange counsel and senior staff tried to abolish, but were thwarted by you and your 'upstairs' cronies. "holier than thou", am I? Well, you said it. I think you are ethically challenged. Who tried to abolish client priority? You people. Who fought (and won) to preserve it? The specialists, COTS, and order traders. I tell you pal, where the rubber meets the road, you're nowhere to be found. (To everybody else): Happy trading. Porter

To: Vectra who wrote (926)	3/25/1998 7:50:00 PM
From: (no name provided)	Read Replies (1) \| Respond to of 1598

To: Vectra From: Trevor I have been an options specialist for 20 years. I am a specialist in the following classes: Abacan Resources, Aber Resources, Agrium, Newbridge Networks. I am also a market maker in Northern Telecom. Vectra, I too was present at many of those committee meetings where the "electronic book" was discussed. I think that if you were to check the minutes of those meetings, you would find that I and other traders were very supportive of implementation of the "book". Describing the specialists as having to be brought "kicking and screaming into the 90's" is both inaccurate and unfair. Trevor de Freitas

To: Vectra who wrote (926)	6/13/1998 2:17:00 PM
From: marcos	Read Replies (2) \| Respond to of 1598

Vectra - you had the courage to post here in response to Porter, and for that, imho, you are to be commended. And welcomed, as well. You might mention to Mr Fleming that this approach is far superior to the gag order routine, and point out to him that while there is a wide spectrum of intelligence represented here on SI - truly it is from the sublime to the ridiculous - that a number of CEOs and other management reps and supremely talented people post here. Just a tiny fraction of the company reps are on this thread #Subject-16262 for example. You might also mention that if Mr Fleming was to be so far-sighted as to drop his action against Porter and apologize and respond here instead, that I and many others would fry into crisp little sub-atomic particles anybody who did not give him the respect he earns with his arguments and style of presentation. But until then, it's flamingeh season .... To all a fine week-end .... marcos