Clash of the Titans:Traders vs. IT Staff
TRADING FLOOR TECHNOLOGIES
NEW YORK—Soccer is arguably the world's most popular sport, and professional soccer is a multibillion-dollar industry. Generally speaking, though, it doesn't drive the stock market.
But one day, during the 1998 World Cup in France, a soccer match brought the trading floor at a major London investment bank to its knees. What happened, you ask? Did a mob of English soccer hooligans break into the firm's offices, enraged by England's 2-1 loss to Romania? Nope. The trading floor was shut down, not
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