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More it is impossible to be reconciled with such split what we observed in our recent history. Brokers and it can be contenders on a floor but if we do not unite force we can not hope for protection of own existence. Whether we trade on own bills or we execute orders for clients, a part uniform the general whole which is called as the market.For change of future stock exchanges it is necessary to change sights of brokers and traders. Fundamental changes always occur from below upwards, instead of from top to down. Merge of the Chicago Trading Stock exchange and the Chicago Chamber of commerce should be something big, than simply association of two organisations. It should be merge about 6 000 independent it, representing brokers and traders in holes of two stock exchanges. Deep support should be accumulated and extended at all higher levels that the management has heard the accurate message which will allow to approach the future, instead of to be afraid of it.
That it has occurred, both brokers, and traders should tear off the sights from it in holes and from screens of computers to see an overall picture. From the decisions accepted today, lives all of us depend. A competition from outside electronic trading — a reality. I once again repeat: in spite of the fact that I do not believe in closing of holes and funeral of open barracking, I consider that the trading floor does not remain unique trading arena. Elek -
208 it: BLOOD, SWEAT AND SUCCESS TEARS Throne trading will interfere all more actively, and new stock exchanges will be computer, instead of to be created from a brick and cement.
For the Chicago Trading stock exchange and the Chicago Chamber of commerce the given call represents real possibility again to occupy in the lead position in the future industry. Eventually, in Chicago future trade was born about 150 years ago. Fairly and pertinently, if these two stock exchanges play an active role not only in definition of the own future, but also in a choice of a direction of development of the given industry in the next century.
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