In addition, the facilitation of this rolling trading is handled by a small subset of
floor traders, whose trading is examined directly.
The
Floor Trader bills itself as the next generation of floor retailing.
He met me in his trading jacket, the loose-fitting smock
floor traders wear so that others on the floor can easily identify them.
Henry Chen, a local veteran trader, who once worked as a senior
floor trader in New York Mercantile Exchange, will spearhead the entire trading and business operation in Singapore.
Garth is a long-time industry veteran and a New York based independent
floor trader for ten years.
Prior to joining the firm, he was a Senior
Floor Trader at NYMEX.
Lawrence Dillion, a former
floor trader for more than a decade, Gerstein Global Futures is now encouraging college students or college graduates who do not have huge capital to start trading investments or those who do not want to be working as regular clerks for a lengthened period of time in order for them to get into trading.
Patak Trading Partners is a boutique proprietary trading group and member firm of the Chicago Mercantile Exchange based in Chicago, Illinois; founded by Michael Patak, a
floor trader at the Chicago Board of Trade.
The event was attended by several hundred guests, including former
floor traders and other market participants.
The new trading floor is about two-thirds the size of the old trading floor in Makati where the PSE used to hold fort prior to this relocation, based on the estimate of some
floor traders. But Pardo said it would have bigger offices for the PSE, improving its ability to grow and support initiatives to launch new products.
Eckhardt and Dennis, who both started in the futures business as
floor traders, also created the so-called "Turtle System," which trained several potential traders early on, many successful in their own right today.
The Frankfurt Stock Exchange (FWB) insisted, however, that Hemler's employers continue to pay for him the 15,000 euro ($17,110) annual fee otherwise asked of
floor traders. As a result, his office is now empty, like so many other offices of old-school traders at the stock exchange.
