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Anybody miss seeing the chaos madness on the trading floor at the stock exchange?
Posted on 10/1/26 at 10:52 am
Posted on 10/1/26 at 10:52 am
Posted on 10/1/26 at 10:53 am to Byrdybyrd05
I never understood how it worked. How could all of the trades be made, with none missed, and be done accurately and on time?
Posted on 10/1/26 at 10:55 am to Byrdybyrd05
Posted on 10/1/26 at 10:58 am to Byrdybyrd05
We have a Money page. They would know.
Posted on 10/1/26 at 11:03 am to CatfishJohn
That’s what always intrigued me because everybody just screaming throwing up numbers but it’s a lot of people doing the same thing at the same time. I would have definitely screwed it up lol.
Posted on 10/1/26 at 11:07 am to Byrdybyrd05
The amount of cocaine used in that room is worthy of a case study
Posted on 10/1/26 at 11:12 am to Byrdybyrd05
I spent a day on the trading floor of the NYSE in the late 80’s. It was wild.
The jacket colors were a color coded scheme so you knew who you dealing with
Amazing time. The internet ate Wall Street. And Texas is where it is regrouping.
The jacket colors were a color coded scheme so you knew who you dealing with
Amazing time. The internet ate Wall Street. And Texas is where it is regrouping.
Posted on 10/1/26 at 11:15 am to Bullfrog
quote:
Amazing time. The internet ate Wall Street. And Texas is where it is regrouping.
The NYSE relocated to Texas. The NYSE. Wild times.
Posted on 10/1/26 at 11:16 am to Byrdybyrd05
quote:
That’s what always intrigued me because everybody just screaming throwing up numbers but it’s a lot of people doing the same thing at the same time. I would have definitely screwed it up lol.
Throwing up numbers and handing off pieces of paper with handwritten trades on them. People trying to listen and write down trades while holding 100 trade slips. Etc.
It's just bedlam. How in the world did everything get done correctly?
Posted on 10/1/26 at 11:20 am to UnitedFruitCompany
quote:please tell me you don’t believe this
The NYSE relocated to Texas. The NYSE. Wild times.
Posted on 10/1/26 at 11:22 am to CatfishJohn
In the case of FCOJ futures, the real pit was just 2 or 3 guys reading the newspaper and waiting for something to happen.
I'd be surprised if there weren't mistakes at the busier pits.
I'd be surprised if there weren't mistakes at the busier pits.
Posted on 10/1/26 at 11:28 am to Byrdybyrd05
The entertainment value of Louis and Billy Ray aside, the current market is generally more efficient. Decimalization and automation have narrowed spreads a lot.
Posted on 10/1/26 at 11:31 am to Bestbank Tiger
quote:
In the case of FCOJ futures, the real pit was just 2 or 3 guys reading the newspaper and waiting for something to happen.
Posted on 10/1/26 at 11:35 am to CatfishJohn
Then became homeless and got bailed out by a royal Prince…..
Posted on 10/1/26 at 11:36 am to GreatLakesTiger24
Y'all Street is definitely taking off but no where near (or ever) taking nyse's place.
Posted on 10/1/26 at 11:37 am to UnitedFruitCompany
quote:
The NYSE relocated to Texas
India is becoming the new world superpower and what better way to get in on the action
Posted on 10/1/26 at 11:38 am to CatfishJohn
quote:The guys in the pics giving hand signs and yelling were usually trading futures/commodities. The room wasn't one enormous free-for-all in which everyone traded everything. Stocks were assigned to particular locations. If you wanted IBM, you went to the IBM location. If you wanted GM, you went to the GM location. And they even had an electronic system for stock trading pre-internet going back to the late 70s or 80s.
never understood how it worked. How could all of the trades be made, with none missed, and be done accurately and on time?
Posted on 10/1/26 at 11:43 am to GreatLakesTiger24
quote:
please tell me you don’t believe this
Ha no of course not. but the TXSE and the competing leg the NYSE had to launch in texas as a result is kinda funny.
Posted on 10/1/26 at 11:46 am to Byrdybyrd05
The CBOT is where the real cokeheads hung out.
Posted on 10/1/26 at 11:59 am to CatfishJohn
It can’t, another scheme by the usual suspects
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