Montreal Exchange

Vintage 1994 promotional video which was edited to show the floor in pretty hectic action.  When I saw the floor in 1999 (I think or 98) it was incredibly quiet so this vid is nice to see what it once was.

Traders by William Brashler

Moving from highbrow to lowbrow but still set within the long bond pit, my reading stack shrank to finally allow the opportunity to read former WSJ reporter William Brashler’s fictional novel Traders. Before my take on it, here is the 1989 review from the Chicago Tribune.  I felt that the book was pretty good, although it was a guilty pleasure …

Dao of Capital

photos via: daoofcapital.com In the soon to be released Dao of Capital, author Mark Spitznagel relates in the first chapter of his great personal story of learning to speculate under the tutelage of an older, folksy pit trader at the CBOT.  It’s clear how much respect the author has for his mentor, 50+ year CBOT member Everett Klipp, and one …

Ethics classes

One result of the FBI sting was that traders were required to attend ethics classes at the exchanges because I guess enough people didn’t have the moral compass to know between right and wrong (shocking).  This 1990 NYT article describes it a bit further Traders to Get Ethics Classes But to add a little visual for those who’d like a …

“Peter Vogel” trading card

An interesting piece of memorabilia in my collection is the trading card of Peter Vogel which was the alias of FBI special agent Dietrich Volk during the undercover sting in the pits during the late 1980s.  When news of the sting was announced, a fellow trader in the same pit grabbed some of his cards as a memento and that’s …

General Wainwright at the CBOT

click to enlarge The exchanges always made a tradition of inviting military officers to the trading floor and pictured above is when the CBOT was honored to host General Jonathan Wainwright in 1949.   General Wainwright was the commander of Allied forces in the Philippines and surrendered to Japan at Corregidor due to overwhelming circumstances.  If any of you visit …