tag:blogger.com,1999:blog-3972382144120426476.post1025265632529732562..comments2024-03-18T21:09:10.627-05:00Comments on Every goddamn day: 03/19/24: CME's trading pits fading into historyNeil Steinberghttp://www.blogger.com/profile/11468057838260476480noreply@blogger.comBlogger14125tag:blogger.com,1999:blog-3972382144120426476.post-52419320833428968602015-07-06T10:20:24.363-05:002015-07-06T10:20:24.363-05:00I always read the blog, but I don't always hav...I always read the blog, but I don't always have something to say about it.Anonymoushttps://www.blogger.com/profile/13877137208397390419noreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-16769641509149599682015-07-05T16:18:30.526-05:002015-07-05T16:18:30.526-05:00Thanks for the kind words. He puts up with a lot!Thanks for the kind words. He puts up with a lot!Coeyhttps://www.blogger.com/profile/06130250489695215525noreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-76827076228149494862015-07-05T14:57:40.810-05:002015-07-05T14:57:40.810-05:00I'm sure. Computers make the game seem drier. ...I'm sure. Computers make the game seem drier. Although the results, creating or losing wealth, are unchanged.<br />Francis<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-86023125287184594532015-07-05T14:39:16.241-05:002015-07-05T14:39:16.241-05:00NS, clever use of pics from the night before to pi...NS, clever use of pics from the night before to pique one's interest.<br /><br />Coey, your hub sounds like a decent man indeed.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-54364063281204065412015-07-05T14:32:46.060-05:002015-07-05T14:32:46.060-05:00My pleasure. Electronic trading is certainly more ...My pleasure. Electronic trading is certainly more efficient than open outcry, and probably fairer, but it's not nearly as interesting. Coeyhttps://www.blogger.com/profile/06130250489695215525noreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-63165431090134339892015-07-05T13:12:33.627-05:002015-07-05T13:12:33.627-05:00That's really helpful. Thanks Coey.
FrancisThat's really helpful. Thanks Coey.<br />FrancisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-26382829874431933552015-07-05T12:27:10.519-05:002015-07-05T12:27:10.519-05:00I don't know exactly how it's set up now. ...I don't know exactly how it's set up now. When my husband was on the floor, you had to own or lease a seat (he leased.) Owning a seat meant your per-trade fees to the Exchange were lower, which is still true. Seat costs vary by type, but they're in the hundreds of thousands. <br /><br />I think you can now trade without a seat, but the per-trade cost is even higher. Coeyhttps://www.blogger.com/profile/06130250489695215525noreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-3187870997395443112015-07-05T12:08:59.268-05:002015-07-05T12:08:59.268-05:00I heard that owning or renting a seat was required...I heard that owning or renting a seat was required to trade. And their value was many thousands of dollars. Besides being a daunting first step in this line of work, what happened to those values? Was there a mad scramble to unload them or are they still required? Did I make this up?<br />FrancisAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-19513089208477518182015-07-05T10:34:54.271-05:002015-07-05T10:34:54.271-05:00I used to bring out of town relatives to the CBOT ...I used to bring out of town relatives to the CBOT visitor's gallery Fascinating to watch, they had interesting displays explaining the meaning of the hand signs traders were using. Sadly it was closed post 9/11.Berniehttps://www.blogger.com/profile/17157600812959885192noreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-33820476029931743152015-07-05T10:23:29.928-05:002015-07-05T10:23:29.928-05:00there you are phillippe, haven't seen you in a...there you are phillippe, haven't seen you in agesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-12944243373133505722015-07-05T09:27:09.076-05:002015-07-05T09:27:09.076-05:00Kinda like lots of real families.:pKinda like lots of real families.:pAnonymoushttps://www.blogger.com/profile/13877137208397390419noreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-69770108700053148272015-07-05T08:33:13.255-05:002015-07-05T08:33:13.255-05:00Some were ruthless jerks, and some were decent peo...Some were ruthless jerks, and some were decent people earning a living to support their families. I'm married to one from the latter group. Like so many others, he left the pit when he could see the writing on the wall about its long-term future. <br /><br />There was a lot of camaraderie there. And before wide-spread use of the Internet, it was the best source of new jokes. Kind of a boys' club, though. It wasn't impossible for a woman to succeed, but it was challenging. That was partly for physical reasons; men are generally bigger and louder, which is a trading advantage. Coeyhttps://www.blogger.com/profile/06130250489695215525noreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-83448164111853492102015-07-05T07:47:15.211-05:002015-07-05T07:47:15.211-05:00 A family huh? Maybe in the same way that a prison... A family huh? Maybe in the same way that a prison population is a family. These guys would kill each other in a heartbeat if they could get away with it and it meant more precious money in their pocket.<br />Baruchhttps://www.blogger.com/profile/10568908951400103413noreply@blogger.comtag:blogger.com,1999:blog-3972382144120426476.post-694414800783968382015-07-05T07:11:45.873-05:002015-07-05T07:11:45.873-05:00Interesting and informative. Though sounds like a ...Interesting and informative. Though sounds like a dangerous line of work at times. All good things(or not so good things) must come to an end, it seems.Anonymousnoreply@blogger.com