Nice collection of LIFFE photos

Some former LIFFE traders put together a nice collection of photos from the LIFFE trading floor from what looks like the mid to late 1990s.  Click on the link here for the slideshow.

Tokyo Rice Pit

click to enlarge photo Above is a rare photo from 1936 of the rice pit in Tokyo.  The original caption on the photo notes that trading in rice “overshadowed their stock exchange in the volume of business transacted.” Wish there was more I could add on it especially of how the primary rice market shifted from Osaka, where standardized futures …

Scarlet & Letters

Digging through some old emails today (and missing a trade I needed in the process), there were a couple interesting origins that are worth passing along.  Both were submitted by legit trading floor veterans who both had 20-30+ years experience mostly in the NY pits.  A lot of people wonder about where the year colors originated from and also how …

Secret Financial Life of Food

A great book I just finished reading is The Secret Financial Life of Food by Kara Newman which presents a broad overview of trading food based commodities in a fun, quick and approachable read.  The book is broken down in chapters based upon the history of trading certain products such as soybeans, cattle, corn, etc…. but there are also some …

House numbers

Another thing that was pulled from the Wayyyyyyyyyyyyback Machine was a listing of house numbers for CME clearing firms in 1999 along with the 98-99 CBOT’s FCM directory which provided listings but not house numbers.  Both are pretty dear to me because it was off these two lists that I got contact info from all the firms and proceeded to …

Wayyyyyback machine

Looking on archive.org of the earliest exchange webpages, it’s pretty amazing that these pages were considered cutting edge and simultaneously the technology of the era was good enough for electronic trading.  Click on the photos to enlarge and I linked the old page in the caption, a lot of the links w/in the weblink don’t work because they weren’t archived …

NY Curb Exchange

In doing some book research on the AMEX hand signals, I was searching on the precursor of the exchange which was unofficially known as the Curb Exchange and came across this impressive 15 second video of how handsignals were used prior to the exchange moving indoors in 1921.  Although I knew a bit of background on how the ‘exchange’ functioned …