A History of Open Outcry Trading: Keeping Open Outcry Alive
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Authors
Ellis, Zach
Issue Date
2003
Type
Thesis
Language
en_US
Keywords
Alternative Title
Abstract
My SIP looks into the Chicago Board of Trade (CBOT) and whether or not it
should change from an open outcry trading system to one of electronic trading. I
researched both systems and looked at recent years of the CBOT to see if electronic
trading is having a positive impact on trading volumes.
My research suggests that other factors besides changing to electronic trading
have a greater impact on trading volumes. Influences such as other commodities
markets, other markets in the U.S., and the economy are just a few issues that can cause
fluctuations in trading volumes.
Between direct comparisons with foreign markets such as the Eurex market and
also regressions involving different factors it is shown that electronic trading does indeed
not have the impact that it was once thought to have. Due to all these factors the CBOT
should not abandon its open outcry system but instead allow for both systems to work in
harmony.
Description
41 p.
Citation
Publisher
License
U.S. copyright laws protect this material. Commercial use or distribution of this material is not permitted without prior written permission of the copyright holder.