Jan. 19 (Bloomberg) -- A case of trading-pit envy is rumbling in Chicago.
Been there done both and most of the time the eledtronic is better ( for the publi), but if there is crisis or panic the pit is better. A group of guys in a given pit make prices in that commodity. That is who they are and in a crazy market they still do it. Screen traders just change to a more manageable symbol or different commodity leaving a market vacant or very thin. A mixture of both is the best solution.
“Floored,” a documentary that shows the fading of the city’s rough and rowdy open-outcry culture, is driving some of Chicago’s top electronic traders to defend the drama of their mouse-click world. The film is in the middle of a one-week run at the Gene Siskel Film Center.