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<p>[QUOTE="medoraman, post: 1473154, member: 26302"]We give them that "power", they were not asking for it Inflexion. Their markets are all about their customers, and their needs. They are not asking to be the price setter for physical trades at your local coin store, yet are pilloried by many saying they are trying to manipulate the price you have to pay locally. A large part of the presentation they go over is basis, and the fact they know what you pay locally will be different than their market prices. </p><p><br /></p><p>Again, we do not pay them money, so they do not design their markets for our interests. They are a free marketplace, free to set the rules that are designed for their customers. The do not ever try to benefit buyers or sellers, but both, since all the CME is concerned about is volume. They need to please both sides in order to get volume. The CME group last year controlled 8 quadrillion dollars in trades. Its this volume of money, (and the short term interest from it), that provides the profits for the whole thing.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1473154, member: 26302"]We give them that "power", they were not asking for it Inflexion. Their markets are all about their customers, and their needs. They are not asking to be the price setter for physical trades at your local coin store, yet are pilloried by many saying they are trying to manipulate the price you have to pay locally. A large part of the presentation they go over is basis, and the fact they know what you pay locally will be different than their market prices. Again, we do not pay them money, so they do not design their markets for our interests. They are a free marketplace, free to set the rules that are designed for their customers. The do not ever try to benefit buyers or sellers, but both, since all the CME is concerned about is volume. They need to please both sides in order to get volume. The CME group last year controlled 8 quadrillion dollars in trades. Its this volume of money, (and the short term interest from it), that provides the profits for the whole thing.[/QUOTE]
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