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Grain Storage Icon
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Nobody argues that the problem of electronic trading both is inconsistent, and is emotional. Recollect personnel shifts on the Chamber of commerce in the end of 1998 in connection with disagreements concerning an alliance of the Chamber of commerce with Eurex. Convincing the Chamber of commerce more cautiously to concern cooperation with Eurex and to introduction of its trading platform, the grain trader in the third generation David Brennan has won elections with advantage of all in 19 voices. It has taken Patrick Arbora's place, long time of the chairman of Chamber holding a post and defending an alliance with Eurex. By the time of a writing of this book an alliance with Eurex already in the past. The chamber of commerce has rejected the offer on an alliance with Eurex on voting, in the beginning of February, 1999.
POLICY it AND THE FJUCHERSKY STOCK EXCHANGE-189
I can not challenge here benefit of an alliance with Eurex, I know that the Chamber of commerce, what other traditional stock exchange cannot ignore coming of electronic trading simply. For this reason, despite perception of electronic trade as threat, the real enemy of their future stock exchanges — own relation to a problem. Grew dim also the Chamber of commerce cannot look against each other any more, having assumed airs and trying to prove, who from them the greatest and most good stock exchange. More likely, they should unite the forces as it suggest to arrive with usual clearing, and to merge. However on it transformations should not end. These stock exchanges should be reconstructed towards a profitable business management in interests of all shareholders.
However for this purpose Grew dim also to the Chamber of commerce it is necessary to reject rivalry, so long and legendary time, as well as history of these two stock exchanges. Throughout many years Grew dim also the Chamber of commerce competed for the right to be called as the largest future stock exchange. Thanks to futures for eurodollars and S&P Grew dim could apply for a title of the largest stock exchange from the point of view of monetary cost of traded contracts. The chamber of commerce, certainly, the oldest future stock exchange in the world, could apply for a rank of the largest only from the point of view of volume of contracts. As this rivalry proceeded throughout many years, all watched occurrence of the next new contract which introduction could bring leadership of one of stock exchanges. Let's recollect a competition for the future contract based on the Index of Dow Johns.
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