Million dollar traders
Watched the second part in this series and I’m still not sure what these guys have been taught but it’s not the sort of trading room I know.
I started messing around with the stock market in the mid eighties and eventually set off properly in the 90’s. By then the Internet was picking up speed and I remember using Compuserve to place an order via Etrade! Things have moved on a lot since then and ECN’s and a proliferation of platforms has made all manner of transaction available at the click of a mouse.
There is my point, I don’t know of a modern trading room where you phone instead of clicking a few buttons. Yes, you have a relationship with a broker and may have to phone certain instructions through. But you don’t do it for a couple of hundred shares. That’s only one of many issues with the way they are going about their business. Apart from the Bloomberg terminals ,I don’t recognise much else in that room. I think they will struggle to even turnover a million dollars at this rate! An excellent peice of timing it has to be said, in the middle of unprecdented market turmoil. On a wider basis I guess the point is, it makes good TV.
I guess I’ll just have to watch it next week.
Category: Using Bet Angel
