What appeared to be unbridled chaos on the trading floor, or pits, as
price discovery and transactions were conducted via open - outcry, gave way to electronic trading - the matching of bids and offers by exchanges such as the Chicago Mercantile with its ground breaking clearing mechanism,
called Globex.
If I offer a fixed -
price «contested» divorce, for example, then the incentive for the client is to make full - use of that
pricing model and to regularly and repeatedly want to: 1) talk about their case (i.e., their evil spouse's latest antics) on the phone or in - person; 2) file more motions to get their spouse to do something, to prevent their spouse from doing something, or to object to something the court ruled; 3) send more «demand letters» or make more phone
calls to the opposing party or their attorney to tell them to return the car seat, or to complain that they dropped off the child 15 minutes late, etc; and 4) respond to ad hoc motions from the other side (motions for attorney's fees, motions to compel
discovery, motions for summary disposition, motions to enforce, etc).