Discussion in 'Options' started by Intrinsic, Feb 5, 2004.
The CEO of BOX is appearing at CNBC now.
Congratulations!!! Tomorrow will be a wonderful day to many but a sad day for a few still sitting in CBOE who refuse or cannot adapt to changes.
Who exactly is the one that "refuses or cannot adapt to changes ? " You do the same thing over and over and over and over again. All you ever do is bitch about losing money trading options, do you really think that when the BOX opens that you'll be profitable ? Do you mind telling me which underlying you trade options on, I think I'm going to go back to the CBOE floor and trade in that pit and take all (what's left anyway) of your money. Best of luck with the BOX, the CBOE guys who will also be making markets there can't wait to see you.
Does anyone know if we will have also ont his excahgne these cancellation fees?
those damn cancel fees .... I really hate them
Please accept my apology in advance if this question has either been answered, or is totally ridiculous.
After readng a number of the comments on other BOX threads, I cannot help but ask - on the subject of "fairness" - will BOX be to the CBOE what the Nasdaq is to the NYSE specialist system?
If that is the hope, then I'd say there will be not much if any improvement. The fills I get going thru a specialist for listed stocks are almost always better than what I get on Nas.
This is not to slight IB's contribution whatsoever. I'm just saying that the present electronic exchange system is no better than the specialist system, so I am not expecting the BOX electronic exchange to be better than the CBOE.
Actually, if anything.... I'd suggest making the minimum price move in options .01 instead of .05. That has done a nice job of narrowing spreads in equities imo.
BOX will allow tigher spreads, a major advantage of CBOE
Thanks Gary. Do you know if it will allow for spreads to be less than .05.
And one more question... is the fill or show rule still allowed?
I believe there will be no cancel fees on the BOX
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