Eurex Trading Volumes Rose by 52 Percent to 162 Million Contracts in July

LIFFE were definitely too cocky at the time but the facts remain - they developed the bund future in 1988,before DTB even existed.They used their infrastructure to sustain and build the contract into a global market.Seeing as DTB spent millions developing their Exchange always being clear that the German Bund should be hosted in Germany,constantly snapping at LIFFE's heels,even scrapping all Exchange fees on the Bund to compete it seems strange that they would suddenly offer an acceptable alliance if they knew they were going to gain the market share they'd spent millions trying to get.

To get an idea of LIFFE's attitude towards electronic trading and the level of competition between LIFFE and DTB an embarrassing quote from LIFFE in 1990:"We think open outcry will work better than a screen in periods of intensive trading.With a computer system it takes a long time to key in bids and offers" OOPS!
 
Yeah but the way DTB worked then, there were no ISV's you had to use the GUI.

You had a choice of screens, using the TRAD screen you had to press the buy button then type the quantity the tab then input price, then tab and input the account. It was ridiculous.

I also started down LIFFE as a runner, i moved there in 1994.
 
Quote from Bogan7:

In those days trying to buy or sell 1000 lots was a real issue and you could easily move the market 5-6ticks try doing that now with 1000 lots
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So true...:)):p :p
 
Quote from $preader:

Deutsche Borse wasn't successful at all until the late 90s.Most people on this forum probably don't know that the Bund used to be LIFFE's flagship contract when pit trading took place there.It's only since the dawn of the electronic era and cheap fees that Eurex were able to swipe the Bund right from under LIFFE's noses and build one of the largest and most successful Exchanges in the world and in the process edging LIFFE out into the wilderness.
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So, do you think it has "something" to do with the fall of the British Empire ? :D :D :D
 
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