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old BM&F floor in Sao Paulo

Image from estado.com.br Over the past few days I was in Brazil and noticed that even though the BM&F; trading floor closed in mid 2009, it remains intact as a backdrop for financial newscasts.  Because it’s in the unattractive downtown of Sao Paulo, I can’t imagine it getting occupied by a large trading firm like in many other cities or …

While on the subject of Arthur Cutten….

picture from wikipedia cause I’m too lazy to walk a few blocks to take it myself Beside the CBOT building currently are two statues representing Industry and Agriculture which once graced above the entrance to the prior CBOT building.  When the previous CBOT building was torn down, the statues (somehow) became property of Arthur Cutten on his suburban estate which …

Arthur Cutten and the beginning of position limits

Prior to the crash of 1929, there were few if any speculators who swung a larger line at the CBOT than Arthur Cutten.  Like many young men from the Midwest, Cutten made his way to Chicago and apprenticed at the CBOT under a broker before striking out on his own to become a self capitalized trader at the exchange.  Within …

CBOT old financial room

Pictured in the photo I purchased above (no photographer credited) is the old CBOT financial room which is also the original trading room at the CBOT.  When the grains moved to their current trading floor in 1982, the financials were able to occupy the entire room and remained trading there until the construction of the new CBOT financial floor in …

MATIF signals

During my Paris visit, Mr. Fabien Danis was kind enough to spend a couple hours with me to go over the signals from his time in the trading pits of MATIF and his badge is pictured above.  He worked with FIMAT which is the trading arm of French bank Societe General and the name FIMAT was derived simply by spelling …

Badges

(the intro vid has since been deleted) A lot of people would ask what my badge PNOY means and it’s short for Pinoy as I’m part Filipino like my man Manny Pacquiao in the above video.  Every exchange has different acronyms such as KCBOT is limited to 1 or 2 letters, CBOT up to 3 letters, CME is generally 2-4 …

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Conversation with a local

(this video has since been deleted by the uploader) I need a laugh after getting disemboweled by the market lately, it seems like every local has had the same back and forth so it was great that someone created the above video.  My wife was laughing harder than I was when she heard it because it’s the exact same scenario …