From: Klaus Gagel []
Sent: Thursday, October 02, 2003 4:16 AM
Subject: Eurex US
The new exchange with their electronic trading plattform will bring lower cost, more competition and
more transparency to the community of futures traders. The higher the efficiency the greater the
chances for growing markets. And growing markets means an increase in liquidity. The Floor and open
outcry has prevented this so far.
A successful Eurex US will be a big advantage for all market participants. CboT and CME have had
enough time to fully establish electronic trading over the past 10 years -they haven`t done so
because of the protection of vested rights. But now it`s the time for innovation and efficiency,
that means higher liquidity and lower trading costs for all.
Klaus Gagel
Independent Futures Trader