As old chestnuts go, the 'imminent' demise
of floor trading in Chicago is getting pretty elderly. Ever
since somebody (Susan Wagner, if the courts are to be believed)
discovered futures could be transacted on computers rather than
by shouting at people in a pit, commentators have been
forecasting the demise of those pits. Meanwhile, of course, a
great number of the pit traders whose days were supposedly
numbered have done very nicely for themselves. Others, like
Harris Brumfield and the like, have found new opportunities as
the move to screen trading gathers pace.
This article is available exclusively to subscribers
Please log in to continue reading.
Not yet a subscriber?
Click here to take a free trial.
Already have an account? |
Please fill in your details below and a customer service representative will contact you.