What happened to the locals in S&P

Discussion in 'Trading' started by Richard England, May 1, 2004.

  1. pit? With their advantage of being on the floor and seeing order flow, etc. how come only a handful are still around today of the original group?

    They scalp for the most part- so risk is minimal compared to off the floor traders. Where did they go? Is there a retirement home for these young turks or what? Why are they all gone?
  2. saxon


    Gone to electronic markets, like GLOBEX, etc. More advantages than disadvantages, IMO.

    Times have changed, Richard.