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1865 Chicago Board of Trade membership card

Every collector can relate to the excitement of obtaining a highly significant item to add to their collection and I was immensely thrilled to purchase this 1865 CBOT member’s ticket from one of the world’s great financial memorabilia collectors.  I have many similar tickets from different years, even earlier than this, but 1865 is particularly significant because it was the …

Constructing the Chicago Board of Trade Building

The CBOT building, like most older financial institutions, was imposingly built to provide a sense of permanence and financial stability.  It’s such an iconic building that it’s hard to think of Chicago without it at the end of the LaSalle Street canyon.  Because of how synonymous the CBOT building is with Chicago architecture, to see photos of it’s construction is …

The Real Smug Trader

Trading been pretty uninspiring lately so in such market environments, I always find it better to decamp on travels whenever possible and made a quick return to Paris, which always is energizing. Midweek after the late night Globex close (11pm local), with my wife and daughter already asleep, I left for my usual nocturnal stroll but also felt the need …

Nick Leeson’s Barings trading jacket for sale (again)

It’s been nine years since KPMG, the bankruptcy liquidator for Barings, sold some trading jackets from Barings’ SIMEX operation as one of the final duties to wind down the estate.  Included in that batch of jackets was most notably,  what was purported to be Nick Leeson’s personal jacket which was sold for 21,000 GBP to fund manager Paul Taylor.  The …

The greatest LIFFE trading floor video

Here is an excellent, must watch 38 minute LIFFE video from the early 90s which, unfortunately, does not have sound.  Although I never made it to the LIFFE floor before it closed, this video gives an excellent visual sense of both the scale of the floor and a lot of tight shots to isolate individual roles. For those of you …

CBOT membership certificate from 1879

Late last year I was fortunate to obtain this beautiful 1879 CBOT membership certificate from an older trader who was cleaning out his house.  I’d imagine there might be older certificates which exist but I have not seen one myself!  In my collection of trading pit related items, there are many awesome things but this certificate ranks amongst the best …

A Eulogy for the Pit Trader – article

Great article from Mel Magazine that’s worth reading: A Eulogy for the Pit Trader An oral history about work life in Chicago’s notoriously high-stress, hard-partying commodity futures “pits”