Wednesday, December 5, 2007

empty trading floors

Stock trading floors: yet another example of networked computing supplanting the need for a physical space:

My father in law, a big burly guy, was a trader on the Chicago Mercantile Exchange in the 70s and 80s. He's got some good stories about life on the floor. You had to be pretty tough and assertive to be good. Now you can just sit in front of your computer and push buttons if you want to trade.

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