Quote:
Originally Posted by lamboguy
i spent some time in a trading room back in the mid 80's, Block Trading, if i remember right. the room had about 25 traders, most were soes bandits but some guys were playing breakouts. at that time you could trade 1000 shares at a time on instanet and the specialist on the other side of you had to book the action.. many times you could find eight of a point spreads between the market makers. they charged $25 per trade back then.
at the end the rules changed and the market maker didn't have to put up 1000 shares. the traders in that room became gamblers, some took trades overnight and lost big on gap ups and gap downs. the room closed up about a year later.
|
Moe it's Billionaire&Billionaires fighting over money.
How about that those saps!
