The Old Fart Thread

[cstfx]

Quote from atticus:

Spear Leeds. I don't doubt you clerked for them, and I could never get the name right either.

DOH! 20 yrs later and I still make the same mistake.

Anyone remember a clearing firm (my first) called Fossett for small traders and locals?

 

[reid5525]

some on et seem to think trading is a sexy young dude's game. there was a 90yo trader on the nyse being interviewed on 60 minutes (or was it prime time). he was dancing on the stock exchange floor with the female interviewer and did'nt miss a step.
think you can trade like him?

 

[Surdo]

Quote from cstfx:

DOH! 20 yrs later and I still make the same mistake.

Anyone remember a clearing firm (my first) called Fossett for small traders and locals?

The NYSE does not have locals bro, they are called "Two Dollar Broker's". No big deal, just a formality.

el surdo

 

[Cdntrader]

Quote from cstfx:

The main thing different between then and now is the stock broker has become obsolete.

They are? I understand they make more money than ever as "financial advisors".


Just glad I don't have to talk to a broker/trader anymore to get an order in

 

[atticus]

Quote from Surdo:

The NYSE does not have locals bro, they are called "Two Dollar Broker's". No big deal, just a formality.

el surdo

I believe he is referring to the CBOT.

 

[Surdo]

He was talking about Harry's, and that is in Hanover Square, let's give him a chance to reply.

I just want to keep the Milli Vanilli MP3's organized.

 

[cstfx]

Quote from Surdo:

The NYSE does not have locals bro, they are called "Two Dollar Broker's". No big deal, just a formality.

el surdo

On the Amex, where Fossett's NY business centered (they were primarily a clearing firm for options) we were also known as locals. It's not just a term for the future pits. Options didn't trade on the NYSE.

Semantics, Some antics.

 

[cstfx]

Quote from atticus:

I believe he is referring to the CBOT.

Fossett was a member Clearing firm on the CBOE. They also cleared option trades on the Amex.

 

[atticus]

Quote from cstfx:

On the Amex, where Fossett's NY business centered (they were primarily a clearing firm for options) we were also known as locals. It's not just a term for the future pits. Options didn't trade on the NYSE.

Semantics, Some antics.

I assumed you were talking about Lakota.

 

[Surdo]

Quote from cstfx:

Semantics, Some antics.

Cool, more importantly what do you think of the AUDUSD?