Being in Singapore over the past week and reminiscing w/a former trader on SIMEX, it brought back a lot of memories for me....none good as it was a tough, illquid market for outside customers to trade. Anyways, below is a video that someone put up on youtube of the final day of the SIMEX (renamed SGX) floor in 2005 and the footage is of the Taiwan stock index pit. Further reading for those interested is a paper on Business practices of Simex locals that was published in a local management review paper. I should write the correct postscript to that paper but I won't.
2 comments:
wow were you a floor trader ? Love to hear the stories and the differences between the eletronic world and how u managed to survive from the elimination
That'd either be a long post or a very short one but the short story is that many people on the floor didn't know how to trade no matter how long they spent down there. If you knew how to trade, it was just a different form of order entry.
Post a Comment