On Monday, June 16, 2003, at 11:06 AM, Robert S.Z. wrote:
...
[1] The bourse needs a trading system / clearing facility [and charge fees
to finance it]. Mere OTC trading will never allow the idea to grow beyond
a few dozen punters who are mainly speculating - or gambling.
I don't understand, Robert. The bourse already has a trading system. People trade stocks using that system. What am I missing?
Also, what is this "clearing facility" of which you speak? When people trade stocks on the bourse, the deal is done. What more "clearing" is necessary?
-- Patrick
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