Stocks & Commodities V. 35:08 (23, 29): Futures For You by Carley Garner
THE TRANSITION FROM OPEN OUTCRY (PART 1 OF 2)
The CME closed the majority of open outcry pits at the end of last year. What are the advantages and disadvantages of the futures markets moving exclusively to the “screen”?
There are obviously more advantages to electronic markets than disadvantages, but there are some drawbacks to futures and options trading moving to the “screens” from the open outcry pits. Further, there were mass casualties to industry insiders ...