Do Floor Traders Still Exist

Still by relying on trading floor photos we have been distorting the truth rather than reporting it.

Do floor traders still exist. However a few exchanges still have physical traders on the floor or located at the exchange. As of 2019 much of the trading on the nyse is digital rather than physical and the exchange floor while still home to some traders is considerably less crowded than it used to be. Non electronic stock exchanges still exist because they used to exist. Why the new york stock exchange nyse still has human brokers on the trading floor quartz.

After working as a runner and clerk on the trading floor he was a trader on the screen for years before asking last year to return to the floor as a trader in the 10 year treasury options pit. Skilled floor brokers can often get better execution better pricing by working the order with other traders something that electronic systems generally cannot do so well. We are doing a disservice to you our readers and therefore we too must change with the. I ve always wondered why there are still people on the floor of the new york stock exchange.

One example is the london metal exchange which still trades parts of the session in a ring which is synonymous with a pit. Listener john wang who dabbles in a little online trading wrote in to ask this. Traders are still trading on the floor of. Floor trading still exists but it is responsible for a rapidly diminishing share of market activity just 10 in 2017 according to a cnbc report.

The days of pit trading have ended.