Ibooks launch

To celebrate World Book Day yesterday, the book Trading Pit Hand Signals finally launched in Apple’s Ibooks store!  It was certainly a long time coming to get to the point that the book could be presented publicly and we’re working on increasing distribution. Sales are authorized for 51 countries which include most of the Americas, Europe and Oceania but Asia …

Trading Pit Hand Signals – the book

In a rushed way last week I did leak the cover of my upcoming book; Trading Pit Hand Signals, and w/a little more time now I can explain about the delay in distributing it.  Pretty good cover though, eh???? The book has been finished for a while but a lot of issues have arisen w/the digital conversion causing delays.  Without …

CBOT hand signals circa 1998

Shown below is a 1998 pamphlet from the CBOT on trading pit hand signals I recently obtained.  It provides a deeper and more updated version of their earlier 1995 handout which I posted years ago. CBOT Hand Signals by tradingpithistory

Billion Dollar Day

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 …

Trading pit paintings

A fair amount of trading pit paintings have been done over the years but virtually all I’ve seen were created by outside observers that treated the trading floor as simply another subject.  One exception can be found in the paintings of Collin C. Palmer who expressed his perspective as a CME and CBOT floor trader to create some of his …

BBC radio on origins of LIFFE

Thanks to Mark G. for passing along this 30 minute BBC radio episode which explored the origins of LIFFE.  Here’s the synopsis from the link, In this episode of In Living Memory, Chris Ledgard meets the men who set it up. He talks to traders who were there on day one, to journalists who covered the early weeks, and to …

LIFFE floor dismantling

photocredit: wikipedia Big thanks to Andrew King of the UK for sending on a link to photos of the LIFFE floor at Cannon Bridge being taken apart in April 2000.  Because photographers are usually very uptight about unauthorized use, I won’t paste any photos but you can see them at the following link:  click here for LIFFE dismantling photos *so …