Floor traders - look out!

Discussion in 'Trading' started by sandy_s, Nov 9, 2021.

  1. sandy_s

    sandy_s

    CBOE is building an open outcry system which is scheduled to start in early 2022.

    Exciting times!
     
  2. maxinger

    maxinger

    Indeed it will be exciting;

    most likely it will be empty.

    Nowadays almost everyone knows how to use gadgets like
    computers, handphones ... and they will be trading online.
     
    KCalhoun likes this.
  3. d08

    d08

    Are they also planning to ride horse carriages to work?
     
  4. sandy_s

    sandy_s

    Yah - I am waiting to see how they plan to make it relevant for the current times..
     
  5. maxinger

    maxinger

    Who knows, those floor traders might be carrying high tech gadgets in the pit,
    and they stare at each other while trading.
     
  6. sandy_s

    sandy_s

    Green people will be happy with that ;)
     
  7. sandy_s

    sandy_s

    May be they can use something like amazon alexa instead of shouting...and retain their voice :)
     
  8. 2rosy

    2rosy

    been that way for over 10yrs
     
    Spooz Top 2 likes this.
  9. rb7

    rb7

    It's a regulatory thing.
    Electronic trading vs face-to-face trading (floor) are not viewed as the same for the SEC.
    The SEC is more liberate with floor trading than with electronic trading because floor trading (in theory) can be supervised as opposed to electronic trading.
     
  10. twstn

    twstn

    Virtual Reality floor traders in the pit! :cool:

     
    #10     Nov 9, 2021
    shuraver and maxinger like this.