How do floor traders get news?

Discussion in 'Trading' started by CasperCRF, Oct 22, 2007.

  1. In prop trading rooms, they have the news reader or news on the TV but how do floor traders get news fast in all the chaos on the floor?
  2. Have no idea, but in the film Trading Places the floor goes quiet as they get the crop report news from TVs on the floor.
  3. Hand held devices
  4. The pits have tv-screens mounted to metal towers that provide newsfeeds, cash market data, CNBC, Oprah, Regis et al.
  5. Westbridge5

    Westbridge5 Guest

    Bloomberg Newswire. The reaction to the numbers are always instantaneous. It's a matter of how it's interpreted that's the tricky part. Word of mouth on the floor typically precedes the bias at the exchanges (i.e. CBOT / CME / NYMEX etc).