Quick Question about Trading

[dunitlongpole]

Hello.

This may be a stupid question but what do floor traders do? (NYSE) I am watching CNBC and they are all running around in the background.

Thanks in advance

 

[JMowery1987]

NYSE, your probably seeing the specialists, in the blue jackets I believe.

I'm actually curious about this too, I asked on the P&L Questions thread how does one be able to trade on the NYSE floor, no response unfortunately.

But I am interested in this as well.

Also want to know what will happen to any floor traders once the specialists go away?

 

[lawue]

There are different kinds of people on the floor. Some trade, some are runners, some are responsible for controlling. The different colors of the jackets belong to different companies.