Although this goes beyond ‘trading pit history’ I’ll go ahead and post it because there is a lot of parallels to how the old currency markets used to function and pit trading.
On a single day in 1985, the BBC filmed a documentary of three currency traders, two of whom were bank prop traders in London and Hong Kong while the other was a hedge fund manager in New York. The documentary makes for a very entertaining 30 minutes to see how much has changed in the past 28 years of trading.
This will be a great way for people looking to get into the trading market, or those who want to increase their knowledge on these areas to learn more about how it originated and what it was like in some of its earliest days. Due to the extreme technological changes that have occurred over the past several years, to all the changes that have been made to the entire trading process, it is very unlikely that anything has been kept as it was in 1985.
Back in 1985 when it was still relatively new, this would’ve been completely unheard of. Not only that, but there will be many other types of currencies that you can now trade and maybe even invest in, so you have the ability to earn a significant amount of money.
If you really want to broaden your horizons, then this documentary could definitely be the way to go.
(the original upload was removed but you can still find the video on youtube if you search for it.)