I really wish I could've traded in the pits. I know its incredibly demanding but damn did it look fun!
@akshaykothari93
7 жыл бұрын
Open Outcry! Just Wow.,.Most of the finance guys aren't street smart :S I find this system really amazing.. Yeah, Computers add accuracy to the markets, but, the real fun of being on streets and trading is something different!!:)
A bygone time. One more thing that I think computers have ruined.
@yanny44
4 жыл бұрын
what did the middle finger mean then?
@randomlyamazing58
3 жыл бұрын
Oh snap. Lol. Good question.
@mogtrader8
4 жыл бұрын
How do you know orders were filled, or executed?
@TheTinyAutistsGuideToTheGalaxy
3 жыл бұрын
Hand motion akin to a "karate chop".
@kendalljennersson9533
5 жыл бұрын
2:13 predicted Wakanda Forever
@antonshroyer5674
3 жыл бұрын
Imagine making a mistake .
@pfdcomputerclass6234
Жыл бұрын
:(
@ConsensusX
6 ай бұрын
when you try to exit your entire position but end up buying 1,000 shares during a dip.
@johnnada5754
6 жыл бұрын
Grains(Wheat desk) 99-02
@xl000
5 жыл бұрын
It's not clear who is talking to who in term of job. Also, how do they know the order has been accepted ?
@iannickCZ
2 жыл бұрын
How you aim to certain person you want at such crowd?
@pittrader1988
8 жыл бұрын
There were also hand signals for every trading firm. Or, the tug on your tie to confirm a trade!
@jorgebarajas2799
3 жыл бұрын
I recall the signals for delivery months too. U shaped hand and a triangle formed with two hands for Sep and Dec respectively, at least at the CBOT.
@How.Dare.You.
8 жыл бұрын
I don't get it. It doesn't make any sense. was there really no better method of trading back then? it's a bunch of people shouting and not hearing each other. How's that effective???
@jeremias3461
7 жыл бұрын
Because if you got someone elses attention you would make that trade with them right there on the spot. If I want to buy, I need someone to sell to me. If I want to sell, I need someone to buy from me. Keep in mind this was before computers. The beauty of electronic trading is now the computers automatically match you with someone else immediately. Computer trading is the reason why these pits are dying.
@nerthus4685
5 жыл бұрын
This is from before electronic trading and high speed internet was available.
@CristianCarvajalC
4 жыл бұрын
Jere Mias I don’t like electronic trading, it becomes so boring... the gestures and emotions are also important in a market.
@mrstrategies1237
Жыл бұрын
because every second counts and much quicker to signal the order than to hand deliver to broker
@ICee712
2 жыл бұрын
A lost art. I spent about 8 years in the Eurodollar back-month pit from 2002 to 2009. Arb will disappear from existence once the last dinosaur traders, brokers and clerks are gone, so goes the art of arb. Merc jerks forever
@michaelhegyan7464
4 ай бұрын
Did you know, a close friend, by chance..Larry Nocek..? Ran a prop firm, NT Financial.
@michaelhegyan7464
4 ай бұрын
Different times..my ex was in the grain pit, made alot of money, but like many traders..lost alot, too.
@alcifrerdewich2323
Жыл бұрын
FANTASTIC
@billy.7113
4 жыл бұрын
It has become a *lost art* and younger generation can't do it Amy more.
@emmanuelquerol
2 жыл бұрын
they've developed another language
@winstonc.6951
Жыл бұрын
open outcry was not born in chicago but Amsterdam in the 1600s.
@ColonelRoseru
Жыл бұрын
It was much slower in Amsterdam so modern Open outcry trading started in America.
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