Five Minutes to Post – book

One voice which has been missing from the trading pit anthropology is that of longtime floor clerks, who in many ways were a larger contingent of the floor population than locals or brokers. Thankfully the book Five Minutes to Post by F.P. Harris, helps fill that void with this memoir reflecting on the author’s experience as a clerk for 24 …

Pork Belly Futures

I find it quite hard to believe myself, but frozen pork bellies were once “the world’s most actively traded commodity” as illustrated in the CME’s 1968 Time Magazine ad featuring the slab of swine.  The Beatles’ “Hey Jude” was #1 on the chart at the time to give a proper perspective of how long ago the ‘bellies dominated trading.  One …

Chicago Board of Trade cigars

If anyone drops by this post and meant to look for the cigar shop in the CBOT building, to avoid any confusion then you’ll want to jump to this link for Jack Schwartz cigars.  That said, this post is in reference to an actual Chicago Board of Trade cigar brand which was created either in the early 20th century or …

Bourse

One ubiquitous European term referring to commodity and stock exchanges is a variation of the word bourse.  Borsa (Italian), bourse (French), Börse (German), bolsa (Spanish), birža (Russian), burza (Czech), Börs (Swedish), and Børs (Danish and Norwegian) all have the same etymological origin to a family of innkeepers in Bruges, Belgium during the Late Medieval Period. The Van der Beurse family, …

Instruments for professionals

It’s great to be back in Paris for a bit and a stroll past la Bourse today brought to mind the above advertisement for a pen which utilized floor brokers at la Bourse for endorsement.  Speculators have always been quite unpopular in France so I found it surprising that a company would opt for this advertising concept over say, showcasing …