Call Auctions: Trading in a New Old-Fashioned Way
An unexpected piece of artwork adorns AX Trading Network’s promotional literature. Men in breeches and waistcoats, white wigs and three-cornered hats squint over parchment scrolls by candlelight. A colonial coffeehouse was a place where a high-frequency trader was a merchant who had consumed one too many cups, and the only trading platform being launched was a podium thrown by an angry auctioneer.
The image also represents a step backward, which is the last direction Wall Street ever wants to
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