Chapter 4 Life on the Trading Floor
Chapter 4 Life on the Trading Floor
Dealers on the Futures Market
Dealers on the Futures Market
Dealers on the Futures Market Amid a steady din of voices crying out bids and offers,various clerks and runners scurry here and there with orders to be filled and orders to be reported
◼ Amid a steady din of voices crying out bids and offers, various clerks and runners scurry here and there with orders to be filled and orders to be reported. Dealers on the Futures Market
Dealers on the Futures Market Hands up and palms facing in are an indication to buy.Various fingers signify various digits,as well
Hands up and palms facing in are an indication to buy. Various fingers signify various digits, as well. Dealers on the Futures Market
Dealers on the Futures Market Figure 1-1 Common hand signals in market trading.Source:Commodity Trading Manual,CBOT: Quantity Hand Signals 20y Buy four contracts Sell twenty futures
Dealers on the Futures Market
Dealers on the Futures Market Price Hand Signals UXU Grains: 头，orl,cent il or cent Interest rates:7,17,and of a point 9.19,and of a point
Dealers on the Futures Market
The pit At the heart of the open outcry market system is the pit,a circular construction forming just what its name implies:a hole in the trading floor
The pit ◼ At the heart of the open outcry market system is the pit, a circular construction forming just what its name implies: a hole in the trading floor
The pit Figure 4-1:Diagram of Lower Trading Floor,Chicago Mercantile Exchange 四 王田田田 出出HEH田HH由B E HHHH田 8HHHB 出 田 田 田 田 中田 H田 田 出田 a欲
The pit
The pit 出BBB乐出平 a田3 ⊙
The pit
The pit When a contract month expires,all the other contract months move up,so that,for example,the area that was formerly February copper becomes March copper when the February contract expires,and so forth
◼ When a contract month expires, all the other contract months move up, so that, for example, the area that was formerly February copper becomes March copper when the February contract expires, and so forth. The pit