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New trading pit frontier

Good news for those trading floor diehards that refuse to trade electronically and who have drifted to different trading floors across the world (believe there are more people who fall into this category than you’d imagine), there is a somewhat new trading pit in Addis Ababba, Ethopia to trade grains at the Ethiopian Commodities Exchange. photo credit: flickr To make …

New York Cotton Exchange

I can admit to not knowing much about the New York Cotton Exchange so you’re better served reading it’s wikipedia entry. Also, click on the photos to enlarge the detail on them. image source: usslave.blogspot.com image source gutenberg.org Relatedly, it might be of interest for some of the book Speculation as a Fine Art and Thoughts on Life by Dickson …

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McDonald’s 1989 commercial filmed at CME

McDonalds – The Trading Floor  (1989) – 0:30 (USA) The above commercial (embed nolonger possible to click on link) aired during the Super Bowl in 1989, ironically at about the same time that the FBI were concluding Operation Hedge Clipper and Sour Mash to combat corruption on the exchange floor.  The commercial was filmed on the lower trading floor at …

For the weekend

Seeing that trading is almost done for the week, I wanted to make sure everyone is prepared w/proper hand signals while out at the bar such as the ones above.  The entire slate is linked here at Modern Drunkard Magazine: Bar Signs: When words come out, whiskey can’t get in.  Remove the roadblocks to drinking success with this arsenal of …

9999.75

Today’s surprise announcement of central bank coordination brought to mind surprise announcements in the past and the most memorable one for me was October 15, 1998 when the Fed cut interest rates just after the bond market closed.  The graphic above of what I saw on the KCBT wall boards was eternally burned into my mind as a result. Back …

In the year 2000

  photo credit scenesc.com I just came across the following article, written for Fortune in 2000, by a journalist that spent a week in and around the pits of the CBOT.  The author does a good job capturing the mentality at that time regarding the threat of electronic trading to the pit and general observations of the trading floor.  Click …

9/11

photo credit september11news.com (that photo w/me in it is from 2002 during the moment of silence) I wasn’t going to write a 9/11 post like every other blog, media outlet, etc…. but with a little time on my hands while babysitting some trades, figured might as well show a different perspective. Unlike most people who can recall how they watched …