why in videos of stock traders at the stock exchange on Wall Street (especially in the 90s and such) are all of the guys shouting and clamoring? Are they putting in trades that way?

Question

why in videos of stock traders at the stock exchange on Wall Street (especially in the 90s and such) are all of the guys shouting and clamoring? Are they putting in trades that way?

In: 197

Answer 1

Until NASDAQ the exchanges were largely ticker tape and paper orders. If people wanted to buy stock they had to call their broker on the phone.

Those guys shouting back and forth on the floor were placing buy and sell orders from brokers.

The NASDAQ exchange changed all of that. It was the first computerized exchange. Say ‘thank you Bernie Madoff’ 😋