Quote from Daxtrader:
I don't get it. Is there really a need for floor traders anymore? Why do they go around taking orders on paper? Isn't everything done electronically now? Why is a seat on the exchange worth so much? What are the advantages?
Also, can someone please explain in simple terms exactly what a specialist does? Who employs the specialist? That specialist in wsw episode, what is he doing? How do they work in such a fast paced environment with all these people yelling around him? Do specialists ever lose money?
Btw, just saw all 6 episodes of this show. Very entertaining. That pakistani bond trader is kinda hot. The blonde "deal maker" is just retarded though. She looks like a paris hilton wannabe. She seems to be whoring her looks to make contacts.