2min chapter

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Back to Ag Futures with Scott Irwin

The HC Commodities Podcast

CHAPTER

The Displacement of the Pit Traders

Per contract transaction costs on the major futures exchanges with electronic trading have fallen dramatically, dramatically. But we also know that the volume of trading has gone up dramatically as well. So there's a proprietary profit sort of been taken out of the hands of the pit traders and then dispersed much more broadly.

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