LIFFE badges

Just a quick post as it’s been a while, the above photo is my collection of LIFFE badges that were distributed on the floor to commemorate a product launch or benchmark attained. There are probably a dozen badges that I know I don’t have but they’re for minor products generally and this is certainly one of the more, if not …

Bag of bucks

The bag of bucks was something that really epitomized the trading floor as it was the type of thing that could only be thought up there. I can only speak to my observation of it a couple times on the CME floor in the equity index quadrant, as a clerk around the S&P pit in 1999 and 2000, but have …

Eurodollar futures contract open 1981

The eurodollar futures contract is over 37 years old and having traded it for about half it’s (and my own) lifetime thus far, I was quite pleased to obtain this roll of film which documented the opening trading day of the contract at the Chicago Mercantile Exchange on December 9, 1981. There’s an issue embedding the file so click this …

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Nail a trader

Late 19th century satire publication, Puck Magazine, ran a cover story in 1888 advocating retribution against the largest CBOT trader of the era, Benjamin “Old Hutch” Hutchinson, after he orchestrated a corner which helped squeeze the price of wheat from 90 cents a bushel to $1.60. The illustration is pretty much a libertarian nightmare of state sponsored theft and redistribution …

Leeson Lager / Bank Breaker shot *updated*

Quick note: It sure has been a long time since I logged in, the website software even changed since I last posted. Last year was my busiest trading year volume-wise and nearly my busiest for travel as well, add into that all sorts of kid activities w/my 4 year old and this project just fell by the wayside. We’re starting …