the exchanges have decided to lower the bund price to 0.1 ticks and euribor to 1/4 ticks. they also announced to slash fees for black box systems to zero. they also announced that all locals and arcades will now be re - routed through south america for efficiency and productivity reasons but mainly for cheap labour to get costs down. the 2 second slowdown would not be a disadvantage for traders. they explained that this was in the best interests of all market participants and that it was trying to create a level playing field for everybody. they also went onto say that this set up would allow a small local trader trying to earn a decent living for himself to compete directly with a multi-billion fund with multiple black box systems which had low costs and direct access next door to the exchange in high prime real estate location. their motto ' fair play , fair execution , fair costs and fair access for everybody 'would be unchanged.