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jfuqua
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Are there still floor traders ?

April 28th, 2014, 3:47 pm

I read that very little stock floor trading is done.But what about commodities and bonds [others?] ?
 
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tagoma
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Are there still floor traders ?

April 28th, 2014, 4:16 pm

grains derivatives on the CBoT /CME.
 
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Cuchulainn
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Are there still floor traders ?

April 28th, 2014, 6:25 pm

Not exactly stock ...In our village in the museum (btw Junior spent 8 months there renovating the old boats + furniture). Aalsmeer
Last edited by Cuchulainn on April 27th, 2014, 10:00 pm, edited 1 time in total.
 
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purbani
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Are there still floor traders ?

April 29th, 2014, 2:29 am

Old Johannesburg Stock Exchange trading floor where I grew up. Sadly all screen trading now.
Last edited by purbani on April 28th, 2014, 10:00 pm, edited 1 time in total.
 
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MattF
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Are there still floor traders ?

April 29th, 2014, 8:26 am

Very interesting Cuch. I believe the giant "clock" is the key component of the "Dutch Auction" method.The hand is set to a high price and then moves downwards until someone bids which ends the auction.It was developed for the tulip markets where large volumes of goods had to be sold quickly.
Last edited by MattF on April 28th, 2014, 10:00 pm, edited 1 time in total.
 
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tagoma
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Are there still floor traders ?

April 29th, 2014, 8:31 am

Trading Pit Blog -- Random bits of history and artifacts from open outcry futures pit trading
 
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bkloss
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Joined: May 22nd, 2002, 11:51 am

Are there still floor traders ?

April 29th, 2014, 11:08 am

The LME is still open outcry in the ring... a few minutes for each metal each day.Go and watch it while you can, it's quite amusing.
 
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Cuchulainn
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Are there still floor traders ?

April 29th, 2014, 11:42 am

QuoteOriginally posted by: MattFVery interesting Cuch. I believe the giant "clock" is the key component of the "Dutch Auction" method.The hand is set to a high price and then moves downwards until someone bids which ends the auction.It was developed for the tulip markets where large volumes of goods had to be sold quickly.In North Holland the farmers would bring their vegetables to the auction room by boat Yes, the clock ticks down until a trader decides to buy. I once paid 2 Euro for a bag of onions that normally cos 1.10! Sell quickly it does!Nice black phones .. direct line to Amsterdam Beurs. I wonder could homes be sold on a Dutch Auction basis?
Last edited by Cuchulainn on April 28th, 2014, 10:00 pm, edited 1 time in total.
 
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MattF
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Are there still floor traders ?

April 29th, 2014, 12:49 pm

QuoteOriginally posted by: CuchulainnI wonder could homes be sold on a Dutch Auction basis?It wouldn't work generally for homes because a typical home-owner would rather lose a limb than take a loss when selling (actuallythis is probably just in England). In the absence of acceptable bids they would rather sit tight, no matter how irrational their decision.However in the current madness that is the London property market many are effectively sold that way. The vendor holds an open dayand invites sealed bids. Highest one gets it. There is no possibility of a lack of decent offers.
Last edited by MattF on April 28th, 2014, 10:00 pm, edited 1 time in total.
 
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Cuchulainn
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Are there still floor traders ?

April 29th, 2014, 12:58 pm

QuoteOriginally posted by: MattFQuoteOriginally posted by: CuchulainnI wonder could homes be sold on a Dutch Auction basis?It wouldn't work generally for homes because a typical home-owner would rather lose a limb than take a loss when selling (actuallythis is probably just in England). In the absence of acceptable bids they would rather sit tight, no matter how irrational their decision.However in the current madness that is the London property market many are effectively sold that way. The vendor holds an open dayand invites sealed bids. Highest one gets it. There is no possibility of a lack of decent offers.Sealed offers are evil.
 
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tagoma
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Joined: February 21st, 2010, 12:58 pm

Are there still floor traders ?

April 29th, 2014, 4:16 pm

QuoteOriginally posted by: CuchulainnQuoteOriginally posted by: MattFQuoteOriginally posted by: CuchulainnI wonder could homes be sold on a Dutch Auction basis?It wouldn't work generally for homes because a typical home-owner would rather lose a limb than take a loss when selling (actuallythis is probably just in England). In the absence of acceptable bids they would rather sit tight, no matter how irrational their decision.However in the current madness that is the London property market many are effectively sold that way. The vendor holds an open dayand invites sealed bids. Highest one gets it. There is no possibility of a lack of decent offers.Sealed offers are evil.depends on the seller or buyer's standpoint??
 
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mdsantos
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Joined: January 20th, 2007, 11:32 pm

Are there still floor traders ?

April 30th, 2014, 1:02 am

QuoteOriginally posted by: jfuquaI read that very little stock floor trading is done.But what about commodities and bonds [others?] ?Are you asking specifically about floor traders or open outcry ?Floor traders are still there, but open outcry being mostly replaced by e-trading. Here is image of VIX Options pit on the floor of the CBOE - everyone sentimentally gathered in a pit....with their computer. Its a little bit like those couples that go to restaurants but spend the whole night on their mobile phones...
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