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Strategies & Market Trends : SOES Trading
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To: Darren who wrote (1517)7/7/1998 11:21:00 PM
From: Jim Square  Read Replies (1) of 1618
 
I was wondering if the BLOCK trading branch in New York City was still using a geek to read the news aloud to their traders? Seems they wanted to save money and figured they would not have to pay a station charge per terminal. No news at all at the trading terminals.

Problem was, that the dude doing the reading didn't have a clue, and was likely to read some stale ancient history as if it was hot off the wire. Cost traders plenty.

Buyer Beware. (They don't call it the spread for nothing)
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