If one has watched movies like The Wolf of Wall Street, then he or she might be familiar with those areas wherein people are shouting stock prices. Well, these areas are known as trading rooms and they are places in which stock or other transactions would take place. If one has always been fascinated by Wall Street, then here are a few facts to know about these places.
As mentioned above, this is where the deals are taking place so it is really where all the action in Wall Street is. Just to give a brief background, these areas started popping out back in the late sixties to early seventies when each type of investment had their own department in banks and asset management companies. Banks found it much easier to lump them all in one place where they could be monitored, thus the dealing room was born.
When the dealing room first existed, it just contained a phone and a teleprinter, which were the two tools a broker used. The teleprinter was the machine that gave the financial quotes wherein the broker would print them out. The information printed out would be last price, lowest, highest, and volume.
During the middle of the 1900s, technology advanced and the tele register was eventually introduced following the boom of the New York Stock Exchange. Of course, the volume of investments also went up which meant that more traders had to increase their productivity and investment diversity. Due to this, more phones were added in typical dealing floors along with electronic calculators.
When the first spreadsheet software came out, the traders made full use of it. This was none other than Microsoft Excel from Windows. With that, the dealing floors slowly replaced their tele registers and their phones with computers that had the latest office software that could be used for the work.
Of course, the digital revolution eventually featured more advanced software with video display. The dealing room evolved from just becoming a room where people shout stock prices to a room filled with computers where trades are made electronically instead of phones. All the information can already be found in the computers and designated software.
Today, there are special graphs with indicators that can be used for overall technical analysis for trades. Back before the software were invented, fundamental analysis was used more often since graphs could not be updated quickly and real time. However, the real time updating of the graphs enabled the traders to have more precise trades for their clients.
Now, the thing about dealing floors is that they are always associated with Wall Street simply because that is where all of the cool stuff happens. No matter what the dealing room contains, it will always be where the traders will make the money and close the trades. For those who have watched movies like Wall Street or the Big Short and have enjoyed them thoroughly, learn more about where the Wall Street traders play by knowing more about trading floors.
As mentioned above, this is where the deals are taking place so it is really where all the action in Wall Street is. Just to give a brief background, these areas started popping out back in the late sixties to early seventies when each type of investment had their own department in banks and asset management companies. Banks found it much easier to lump them all in one place where they could be monitored, thus the dealing room was born.
When the dealing room first existed, it just contained a phone and a teleprinter, which were the two tools a broker used. The teleprinter was the machine that gave the financial quotes wherein the broker would print them out. The information printed out would be last price, lowest, highest, and volume.
During the middle of the 1900s, technology advanced and the tele register was eventually introduced following the boom of the New York Stock Exchange. Of course, the volume of investments also went up which meant that more traders had to increase their productivity and investment diversity. Due to this, more phones were added in typical dealing floors along with electronic calculators.
When the first spreadsheet software came out, the traders made full use of it. This was none other than Microsoft Excel from Windows. With that, the dealing floors slowly replaced their tele registers and their phones with computers that had the latest office software that could be used for the work.
Of course, the digital revolution eventually featured more advanced software with video display. The dealing room evolved from just becoming a room where people shout stock prices to a room filled with computers where trades are made electronically instead of phones. All the information can already be found in the computers and designated software.
Today, there are special graphs with indicators that can be used for overall technical analysis for trades. Back before the software were invented, fundamental analysis was used more often since graphs could not be updated quickly and real time. However, the real time updating of the graphs enabled the traders to have more precise trades for their clients.
Now, the thing about dealing floors is that they are always associated with Wall Street simply because that is where all of the cool stuff happens. No matter what the dealing room contains, it will always be where the traders will make the money and close the trades. For those who have watched movies like Wall Street or the Big Short and have enjoyed them thoroughly, learn more about where the Wall Street traders play by knowing more about trading floors.
About the Author:
Learn how to make money in trading rooms with top tips from this informative website. For guidance, see the related homepage today at http://www.marketscholars.com.
No comments:
Post a Comment