What do the people who go in person to the New York stock exchange actually do? Especially with online trading and information everywhere?
In: Economics
I went there and I got a tour by one of the guys who used to give tours back when there were traders there.
There are no traders there. No one shouting and jostling. No floor cluttered with trading slips. It’s not loud.
The majority of the people there are news anchors, for some reason still covering the market because people like to see it on TV I guess even though there’s no traders there, and the cameraman and support crew for those news anchors.
When you see in the media from time to time some newly listed CEO pounding the gavel to start the days trading, there’s no traders listening and chomping at the bit on the floor below them.
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