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Many 8&?-=it have been anxious that if SEC will receive the control over our hole, we will face the same 50 percent it, necessary for it trade in actions. You can present to yourselves, how much ridiculously demand from the trader of placing it the deposit $250 000 for carrying out of the transaction with one 8&?-it=it=it At such contract would not remain any trader in a hole and any it the seller.All that time while 8&?- it was under bombardment, I saw not enough sympathy from outside familiar members Grew dim, not concerning our hole. To Jack Sandlera's occupying then a post of the chairman honour, and other heads Grew dim, they defended 8&?- it. But on it all also has ended. Traders and brokers from other holes heard stories as to someone has carried on
POLICY it AND THE FJUCHERSKY STOCK EXCHANGE 199 8&?-¶?¦it§ during crash. Such fast money has called both envy, and suspicion. Some members Grew dim considered that if traders in 8&?- it have broken any rules they deserve a dressing down of from outside regulating bodies. As a result many members Grew dim have turned a back to 8&?- it, it from our problem. At that time I could not believe that other traders and brokers are so naive that do not understand, as soon as one hole will get under steadfast attention, the others too will face rigid checks.
This relation of groupings of a trading floor and competition between the Chicago stock exchanges have made the union between them difficult and almost impossible. Really, for all history the unique case when I saw the consent between Grew dim also the Chamber of commerce, it is threat to self-regulation and association of stock exchanges against the general enemy — the Congress. Self-regulation is a principle of future trade from the moment of its beginning. Both stock exchanges always resulted as argument that no outer side understands problems of future trade as it it and consequently nobody can regulate it better ourselves. Throughout many years Political Future Funds (Commodity Futures Political Funds) collected hundred thousand dollars under the same preventions of attacks threatening to self-regulation. We heard that about outlined introduction of more rigid regulation us warned that our transactions soon will start to tax. Taxes to operations could increase only costs of future trade and force it users to leave on other stock exchanges outside of the United States.
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