New Skills of the Trade

Alasdair Haynes, Chi-X

To the untrained eye, the skills of pit trading in the era when open outcry ruled seemed somewhat primitive: A loud voice, imposing physical presence and an ability to do quite basic arithmetic—at high speed—were all critical.

In reality, being a successful floor trader was an art, with some of the best possessing exceptionally quick analytical minds which enabled them to read—and exploit—moving markets in seconds. Nevertheless, the closure of major trading floors such as the London International

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