By Irving Fisher
Article by means of Irving Fisher (1936), Professor Emeritus of Economics, Yale collage, urges Congress to take again the Constitutional funds energy, redeem the nationwide debt, require banks' call for deposit to be a hundred% liquid, to keeping off an inelastic mortgage constitution that bursts, leaving frozen loans at the back of, and stay away from 'Global monetary Crises." brief biography through Michael Schemmann.1867
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The TGE chose to convert from the old method. Why was the TGE the first exchange to convert from floor to screen? For one thing, it was easier to convert the traditional Japanese trading system to screen than it was to convert the traditional Western system. Here’s the difference: In the Western continuous double auction, traders can bid and offer, buy and sell, at any time during a four- to seven-hour trading period, and there might be thousands of transactions at hundreds of different prices during the day, with real-time price feeds sending every bid, offer, and transaction out to a waiting public.
So, usually the last bid and offer was not a price at which anyone could necessarily trade. Often the price at which an order was executed would seem to be a little worse than the most recent bid or offer. And then there were the delays. In those days, when orders came in more rapidly than floor brokers could really handle, a “fast market” was declared by the pit committee and many of the obligations of executing brokers were temporarily waived. It could sometimes take two hours before a customer would know whether his order was executed and at what price.
Jorg Franke, p. 18. 17. S. market were given it began with the DTB and continued over the years with a number of other foreign exchanges. It was not exactly a permission, but rather a “no action letter,” which was issued by CFTC staff and stated that the staff would take no enforcement action against the petitioning exchange as long as it continued to comply with the guidelines of the program. 18. An API is a set of functions, procedures, methods, classes or protocols that is used by a software program to request another software to perform a task.
100% Money and the Public Debt by Irving Fisher