re: hi cerhob ...
Hi Cerhob ...absolutely ... the Warrant thing is interesting because of the history.
We had been into ETO's since 1997 and had been banging on at the ASX for STP(straight thru processing) for ETO's and they were making promises.
The Brokers refused wanting to maintain their monopoly over their fee structure which was and is lucrative.
LTCM went thru in 1998 and options got a bad name.
Investement Banks jumped up with revamped Warrant products mirroring ETO offerings with 'STP' and with the ASX guaranteeing LIQUIDITY by requiring MM's to maintain a presence in the Market ... all seemed set for traders.
We converted to Warrants and in we went ... no one predicted the 'games' Issure MM's would play to manipulate to gouge profits ... like dodgy 'time decay' and 'imp vol' ... disputes were rampant.
Traders became more savvy and began drifting back to ETO's ... many of the Issuers (MM's) simply quit and the deathnell for Warrants was CFD's.
The global 'Market Industry et al' as a major part of the Financial Sector simply refused to initiate needed reform and left a gaping void that some smarties saw and birthed as D4F in the UK which later morphed into CMC.
Have the ASX and Broker monopoly learned anything .. not really .. send an email to the ASX including the word CFD and you won't even get a reply ... lol
