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#267822 - Sun May 22 2005 07:33 PM I'm sure someone knows the answer to this...
ktstew Offline
Forum Champion

Registered: Tue Jan 18 2005
Posts: 8717
Loc: Arkansas USA
Probably many of of you in the US and Britain have seen video of the NY Stock Exchange. What are the people called who stand down on the trading floor and send hand signals all day? I can't seem to find any reference to it on the net.
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A lie can travel half way around the world while the truth is just putting on its shoes - Mark Twain

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#267823 - Sun May 22 2005 08:28 PM Re: I'm sure someone knows the answer to this...
ElfTwinkle Offline
Star Poster

Registered: Wed Jul 10 2002
Posts: 14929
Loc: Crazy Canuck   
Floor Traders/Floor Brokers/Pit Traders

See this site.

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#267824 - Sun May 22 2005 08:30 PM Re: I'm sure someone knows the answer to this...
fjohn Offline
Multiloquent

Registered: Mon Dec 06 1999
Posts: 2742
Loc: Wyoming USA Way Out West
They are stock traders. They buy a 'seat' on the exchange that entitles them to shout and wave their hands. What they are actually doing is selling and buying stock for their clients.
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Some days it just doesn't seem worth trying to chew through the restraints.

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#267825 - Sun May 22 2005 08:37 PM Re: I'm sure someone knows the answer to this...
ktstew Offline
Forum Champion

Registered: Tue Jan 18 2005
Posts: 8717
Loc: Arkansas USA
Thank you, Elf and fJohn. I knew somebody around here would come through for me. Yay!
_________________________
A lie can travel half way around the world while the truth is just putting on its shoes - Mark Twain

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#267826 - Mon May 23 2005 09:19 AM Re: I'm sure someone knows the answer to this...
ktstew Offline
Forum Champion

Registered: Tue Jan 18 2005
Posts: 8717
Loc: Arkansas USA
I don't know why, but I always assumed those on the floor were signaling to a broker, rather than being the broker!
_________________________
A lie can travel half way around the world while the truth is just putting on its shoes - Mark Twain

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