Thursday, September 16, 2010

Drexel Burnham Lambert order ticket

Above is an order ticket from Drexel Burnham Lambert which came from one of their fixed income futures desks at the CBOT in the 1980s.  For dramatic effect, I took the scan and went into Paint to illustrate on what it'd look like once marked up.  In my example it's an order to buy 200 USZ (December 30year bonds) at a price of 99 31/32.  The executing broker is OPP and the counterparty is ABC who was filling the order for house 350 (Goldman) at 7:30am.  Above the order is a timestamp which always had to be done as an order went in.  Not bad, eh???  There is the top copy and then three duplicate carbon copies in back. 

Home | History | About |
| Shop | Basics | Prices/Quantities | Months | Years | Functions | Participants
Debrouillard Group,