MATIF photos

Fabien Danis was kind enough to share some photos of his days trading at MATIF in Paris during the 1990s.  Floor traders worldwide always had a joie de vivre that is unmatched in other industries and combined with how the French have mastered the art of living, it must’ve been incredibly fun to work on MATIF. 

A dedication to MF Global

I was going to post a bit more on the lessons since arriving in Chicago twelve years ago today but got a little boozed at dinner so best I can do is dedicate a song to MF Global.  Having spent my youth in Kansas around various small, independent businesses like gun shows and pawn shops I noticed there were a …

2

My personal holiday

For me, November 1st every year is a personal holiday as it was the day in 1999 that I started as a clerk on the CME/CBOT, began trading off the floor in 2001 as a backed acct under my mentors and 4 years later in 2005 grew out of that to trade on my own.  Lots to celebrate!  Ironically this …

CBOT telegraphic cipher

Trading via telegraph is more than old time, it’s olde tyme.  To facilitate a more accurate way of receiving orders and relaying information, the Robinson Telegraphic Cipher was created in 1872 (a few years before invention of the telephone) to have a standardized listing of telegraphic communication at the Chicago Board of Trade.  The following pages are scanned from the …

Friday

Like most work environments, most people don’t like working on Friday afternoons and are ready to get the weekend started.  A lot of the funniest memories I have on the trading pits are people screwing around for laughs late on Friday as activity is usually slow and as they say, the devil makes work for idle hands.  Clerks and brokers …

5

#Rant

#Rant I wasn’t going to comment on the #Occupy protests but I’m so fed up w/how misguided they are that I really can’t help myself even though this isn’t an appropriate forum.  I haven’t even been in Chicago for the past couple weeks but have known that the protests have taken place outside the CBOT.  Rather than elaborate on emotion …

1980 CBOT ad

I really like this CBOT magazine ad from 1980, it simply states “With the freedom to fail, comes the freedom to succeed.”  One of the great things about the US is that everyone generally gets a fair shot to succeed or fail on their own merits and that’s certainly the case in trading.