Trading pit history
I guess you may remember the interesting documentary about close of the open outcry trading in Amsterdam, zooming in on a few traders. Unfortunately without English subtitles, due to lack of budget according to filmmaker Edwin Trommelen. He says hi from Kyrgyzstan. Subtitles would be 2000 euros. Still possible.
Pit culture
Even without subtitles, someone happy with the result is a Chicago trader, Ryan Carlson (on the picture). Having worked on exchanges in Chicago, Kansas and New York – he’s more or less collecting footage from the pit over the ages. Nostalgia indeed, but not someone living in the past.
A nice anecdote about Amsterdam. He once run into the exchange building in Amsterdam on holiday, by accident. The bar, the red light district and coffee shops in the close vicinity of the exchange made a lasting impression:
Gotta hand it to the Dutch, they’re really disciplined and it’s little wonder why the various prop firms which originated at the Amsterdam Exchange dominate a lot of trading worldwide now. I could only imagine how quick a setup would’ve killed off the population of any other trading floor.
Trading pit history
Read it on Trading Pit History. Apart from collecting random bits of history and artifacts from open outcry futures pit trading, he has created a massive archive of hand signals from the pit. Quantities, months, years, contracts and participants ; it’s all there in different dialects for CBOT, CME, LIFFE, MATIF, NYMEX and SIMEX. Skip the numbers, head straight to the participants. The signal on the picture here is easy. Deutsche Bank.
Exit through the gift shop
I see entertaining television game format potential in his signals. Exit through the gift shop. Some hand signal boards in print for sale. He still has to recover some cash from his account at MF Global.
First!
Here’s someone else from the history –
http://video.cnbc.com/gallery/?video=3000131431&play=1
Good evening all,
Is there anyone here who has experience with Accent Circonflexe trading group? They are hiring Junior traders but have never heard of them nor is there much info available on the internet…
Thanks!
Yeah, they are small punters and have an office above a Chinese restaurant near the Martelaarsgracht.
No option trading afaik. Very small, very low tech and very irrelevant.
@12:30
Mark Spanbroek, from the lobby group of prop traders. Interesting.
Thanks! That’s what I assumed as well. They do however claim to have another office in Larnaca (Cyprus), and to have 25 traders in… As far as I could find they are daytraders in equity, which sounds remarkable…
there are lot of punting houses like that, equity, commodity, fx, futures, everyone trying to take their piece of pie.
I love the DBK sign!!!!
yes very subtle, reminds you why west germany paid through nose to integrate back east germany and why its going to put up again to prevent EU disintegration, if history is any indication, German guilt ain’t disappeared just yet.
If you are talking about ambition of conquer stuff, Hitler crap, well it’s not happening, not in another 100 years.
I would bet US starts WW3, if there will be one.
how did you conclude ‘ambition of conquer stuff’ from the ‘German guilt’
how did you conclude about US – ‘I would bet US starts WW3, if there will be one.’
During the in-house day on 13 February, you’ll get the chance experience what life is like as a Trader at Optiver. During a variety of interactive sessions we will discuss options, risks and trading strategies. Of course, we also offer you an unique view on our trading floor and you’ll even get the opportunity to experience the risks and rewards of trading yourself during our Market Making Game. We will end the day with informal drinks and pizza together with our traders.
Trading hasn’t been very good this year. Can I come for just the free pizza?
you want a free pizza, sure, you an optiver trader or the grad?
‘you’ll even get the opportunity to experience the risks and rewards of trading yourself during our Market Making Game’
isn’t that an oxymoron, how are you going to experience the risk taking in trading if all your are doing is giving bid n offer in market making game?
‘free pizza’
is somebody taking a cheap shot at optiver’s open day, how was the IMC’s open stall in swizz land, how many are left in zug now?