Pit Trading

Pit Trading

10 Mar: History of Pit Trading

The CME shuttered all pit trading activity after almost 170 years. And with it died the pit trader  a very stressful but lucrative job characterized by harsh competition, frenetic screaming and hand signaling among men exchanging billions of dollars worth of commodities per day. Let’s go back in history to remind us how it was back then before everybody started to hide behind a computer screen.