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It always seems kind of strange that they're there, now that we have computers stock exchange trader jackets networks for doing all sorts of trades. The guys in her movie dealt in coffee futures. And they used to do something called open outcry, setting the price right then and there in an open pit. Lee made the film at an interesting time, back injust as the New York Board of trade — like almost every other exchange — was going electronic.
I went to find out at the New York Stock Exchange: the grand stage of American capital markets. It's defined by high-speed computers that take the emotion out of investing. Some say it's good. I, on the other hand… Listen, part of what investing was about stock exchange trader jackets the emotion. You come down here 25 loan put option def 30 years ago, the emotion blew the roof off the building every single day.
It was just so exciting. Ivry says the real action takes place in a high-security warehouse in a small town in New Jersey. That's where you'll find computers trading at lightning speed. They're also cheaper and more efficient than humans. They're nowhere to be seen when that stock is going down. But the reality is, automated trading has taken over.
Polcari believes there is still a role for human judgement in the system, especially when the market is fragmented. They put a face to the battle of the robots. All those traders down there in their blue smocks and their pins — they put a face on trading, on American capitalism. It's everything from the paycheck to the personal. Currently Featured Series Currently Featured Series The Economic Anxiety Index What's your score?
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Stock Market Trading For Beginners Part 1
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