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Pretty good, I haven't got back to you because we are looking into setting up a B/D in the Bahamas. I don't want to see that type of consolidation either, it will kill the game. An option ECN might help; I thought some guys in NY where working on that? I agree the MM needs to make...

The point is they killed their own game by enacting a number of rules in the last few years, effectively limiting access to the very traders that were trading huge size. All they need to do is honor their markets and give access, volume will explode. Make a market, trade it and hedge with...

The only thing I care about is locked, crossed or in a fast market.

Sure.

How are they to deal with?

We are setting up there in Panaji, do you have an office or just contract programmers there?

Doing anything in India?

I agree.

We do not have the "it has to be invented here" problem, most of what we do started with a minor idea someone heard that someone was doing. Obviously, we have an edge in implementing, expanding on and fine tuning, but it is not rocket science.

Wish I would have thought of that.

The reason people discuss these things in a public forum is because we are all searching for that "crumb" of information, that the other guy may consider insignificant; and we are bored.

I really hope they get their act together, start honoring their quotes and size, allow open access for all, leave everything on auto and start trading like the big boys we know they are. I would much rather have six exchanges really competing with each other, in a fair market with time and...

Only an idiot would think Timber Hill was not a cash register. Def, when we grow up we want to be just like you guys.

The smarter they are, the bigger they blow up ...

Are you guys using TS? I have owned that product since System Writer 1?, and never got it to make serious money.

I agree. I never really read his journal; but he spiked up a lot of interesting arguments that I found amusing.

Sorry can not.

I agree; we win 40%, lose 60%; however are losers are 85% scratches, 15% losers and we have very low transaction costs.

Whether it is called a "black box" or not is not really relevant; the key point is we blindly take all opening trades that a system generates. The negative to this type of trading is you are always adding "idiot filters", whenever you take a huge hit from a trade that no sane person would have...

Just trying to see how much smarter you guys are than us... We caught on to the bin thing too. I thought everyone wanted the other side of our orders.