photo credit: johndenniston.ca
Generally I always keep this blog oriented to futures trading floors but this piece of market history that Graham D. found is worth posting because of it’s uniqueness.
I remember reading of the Vancouver Stock Exchange’s notorious reputation and the following photo gallery is an interesting look into that trading floor of the mid 1970’s. Basically it was the equivalent as if the pink sheets/OTCBB would’ve had a trading floor.
Here’s the link to the gallery: click here
The gallery kicks off w/a proper description of the exchange:
“The Vancouver Stock Exchange doesn’t exist anymore but during the 1950’s until the 1990’s it was one of the most notorious stock exchanges in the world.
It had few rules and most of these were ignored, making millions for insiders while leaving everyone else with a tax loss. Its specialty was mining stocks, especially gold and copper. The stocks thrived on rumour and dived on news. In a 1989 exposé Forbes magazine called it the “scam capital of the world”.”