Redditsux@lemmy.world to News@lemmy.world · 2 days agoDow drops 2,200 points Friday, S&P 500 loses 10% in 2 days as Trump's tariff rout deepens: Live updateswww.cnbc.comexternal-linkmessage-square28fedilinkarrow-up1237arrow-down14
arrow-up1233arrow-down1external-linkDow drops 2,200 points Friday, S&P 500 loses 10% in 2 days as Trump's tariff rout deepens: Live updateswww.cnbc.comRedditsux@lemmy.world to News@lemmy.world · 2 days agomessage-square28fedilink
minus-squaredhork@lemmy.worldlinkfedilinkEnglisharrow-up13·2 days agoNo, those are still actual traders at the NYSE. An overwhelming amount of trades are electronic, but the NYSE floor is still a thing. https://www.investopedia.com/ask/answers/09/traders-floor-exchange.asp There are still traders who work on the floor of the New York Stock Exchange (NYSE)—where some large companies still trade in the pit—as well as commodity and options exchanges like the Chicago Mercantile Exchange (CME).
minus-squareStevelinkfedilinkEnglisharrow-up9arrow-down1·2 days agoThey’re there almost exclusively for the cameras. It’s essentially a TV set.
minus-squaredhork@lemmy.worldlinkfedilinkEnglisharrow-up10·2 days agoYes, you’re not wrong, but they are making actual trades.
minus-squarepeoplebeproblems@midwest.sociallinkfedilinkEnglisharrow-up4·2 days agoIf I had to guess, they aren’t doing the small high frequency trades, but big movements. Just like my IBS.
No, those are still actual traders at the NYSE. An overwhelming amount of trades are electronic, but the NYSE floor is still a thing.
https://www.investopedia.com/ask/answers/09/traders-floor-exchange.asp
They’re there almost exclusively for the cameras. It’s essentially a TV set.
Yes, you’re not wrong, but they are making actual trades.
If I had to guess, they aren’t doing the small high frequency trades, but big movements.
Just like my IBS.