Monday, April 1, 2013

Billion Dollar Day

Although this goes beyond 'trading pit history' I'll go ahead and post it because there is a lot of parallels to how the old currency markets used to function and pit trading. 

On a single day in 1985, the BBC filmed a documentary of three currency traders, two of whom were bank prop traders in London and Hong Kong while the other was a hedge fund manager in New York.  The documentary makes for a very entertaining 30 minutes to see how much has changed in the past 28 years of trading. 

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