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Were/are pit traders primarily trading their own money? My impression is that they were/are essentially hired guns for the big money on the other end of the pho
by jsprogrammer 12y ago
Were/are pit traders primarily trading their own money? My impression is that they were/are essentially hired guns for the big money on the other end of the phone.
- minimax 12y agoIn the pit you have a mixture of brokers (near the outside) who are working orders for financial institutions and other clients, and prop traders (a.k.a. "locals") who are trading their own money.
- deleted 12y ago[deleted]