The Stock Exchange Battalion of Royal Fusiliers

photocredit: wikipedia Appropriately for Rememberance Day today, I recently learned that the London Stock Exchange raised a military unit at the onset of World War I, just as the Chicago Board of Trade did for the Union Army in the Civil War.  Unfortunately, I came about this knowledge upon obtaining an original copy of The Stock Exchange War Memorial 1914-1918, which …

Only the Paranoid Survive

photo credit: amazon.com I get pretty nostalgic around November 1st as it was 16 years ago I loaded everything I owned into my car and drove to Chicago to start working at the CBOT and CME after just over a year at the KCBT.  Years ago on the TGV between Bordeaux and Paris, I wrote a little backstory on the …

1871 CBOT members ticket

Today is the anniversary of the Great Chicago Fire of 1871, which effectively burned and destroyed the entire business district of Chicago.  Originally, the fire started on the SW side, but jumped the river and burned from around Harrison St on up towards almost Fullerton Ave on the North Side, as illustrated in this map from Wikipedia.  At the time, …

La Communication Par Signaux Manuels – MATIF

Occasionally I come across a historical open outcry reference which gets me really excited and this is one such document which was provided by Mr. Dean Mouscher.  When the Paris futures pits of MATIF were created, there was a demand for logistical training of how hand signals would work on the trading floor and the new Paris exchange sought to …

Renaissance era trading hand signals

photo credit: sothebys.com A big thank you to Mr. A. Stanton for pointing out the following article in the Harvard Business Review.  I had previously seen the above image on the web but never knew the context in which these hand signals were used until reading the following article: The Hand Signals That Drove Business in Renaissance Europe “The marketplaces …

Trading card ‘bookmark’ offer

On July 6th when the futures pits closed, I pulled my trading jacket out of the closet but having not traded in the pit in a decade, my trading cards didn’t have the proper acct number on them so I had to get a stack of temp cards which the exchange will sell if someone runs out of their regular …

Trading pit closure media

This was a post I meant to put up a while ago but kinda remain distracted by using a lot of time after and even during trading to play around w/my baby (who is asleep now so I get to blog). As the trading pits closed in early July, there was a modest amount of media attention put towards the …