InterviewSolution
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Do People Have Assigned Spots In The Pits? |
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Answer» No, however, all the traders dealing with a CERTAIN DELIVERY month (September, for example) trade in the same "pie SLICE"-shaped section of a pit. In addition, brokers, who work for institutions and/or the general public typically, stand at the edges of the pit. From this position, they can easily see other traders and have easy access to their runners (who bring orders from phone booths) and an UNOBSTRUCTED view of the firm's trading booths, from which they may receive flashed orders. The locals, who trade only for themselves, typically stand in the center of the pit. No, however, all the traders dealing with a certain delivery month (September, for example) trade in the same "pie slice"-shaped section of a pit. In addition, brokers, who work for institutions and/or the general public typically, stand at the edges of the pit. From this position, they can easily see other traders and have easy access to their runners (who bring orders from phone booths) and an unobstructed view of the firm's trading booths, from which they may receive flashed orders. The locals, who trade only for themselves, typically stand in the center of the pit. |
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