So there's fear on the trading floors, just not enough.
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We do it on 2409 trading floors around the world.
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He has one in America's boardrooms and on its trading floors.
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Blue team, white team Cboe and CME are clearing trading floors.
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For decades, banks and trading floors were hostile territory for women.
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Barclays is cracking down on using cell phones on its trading floors.
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The mood on big banks' trading floors is a bit more somber.
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To be sure, the markets haven't operated completely seamlessly without trading floors.
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But the chances of the trading floors recovering past glories are vanishingly thin.
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A flurry of corporate results yielded both positive and negative reactions on European trading floors.
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The majority of bond deals were arranged by phone and trading floors resembled boisterous street markets.
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And there is no TV tuned to CNBC, the financial news hub ubiquitous on trading floors.
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What it means for Wall Street firms and Big LawCME and Cboe are clearing trading floors.
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Meanwhile, on trading floors, a panicked atmosphere was palpable as financial markets reacted wildly to the news.
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Goldman Sachs's four trading floors in New York typically house thousands of traders during normal business times.
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Some bourses elsewhere had already closed trading floors or paused trade after big falls in market value.
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But that misunderstands the depth of unease now felt in factories, boardrooms and trading floors around the world.
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A look at the historical prices for a seat on U.S. trading floors also tells its own story.
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CNBC argues that businesses, exercise facilities, bars, restaurants and trading floors aren't counted by Nielsen, prompting the switch.
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There are parts of the business that remain heavily male: Certain trading floors come to mind, for example.
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The dollar spiked and stocks rose to their session highs Thursday after the video circulated on trading floors.
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Longer-term, this revives the debate about the value of trading floors in an era of electronic trading.
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All NYSE markets will continue to operate under normal trading hours despite the closure of the trading floors.
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"NYSE's trading floors provide unique value to issuers and investors, but our markets are fully capable of operating in an all-electronic fashion to serve all participants, and we will proceed in that manner until we can re-open our trading floors to our members," said Cunningham in the announcement.
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It recently bought six stories of a skyscraper under construction in Manhattan, which will include two big trading floors.
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London had 30,000 workers on trading floors and in back offices, even though Britain wasn't even adopting the euro.
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A series of corporate earnings Tuesday yielded both positive and negative reactions on European trading floors throughout the session.
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Kensho's main customers at Goldman so far have been the salespeople who work on the bank's high-ceiling trading floors.
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While rumors of what triggered the reminder swirled around Barclays trading floors, a spokeswoman at the bank declined to comment.
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The New York Stock Exchange will temporarily close its trading floors and move fully to electronic trading from March 210.
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The New York Stock Exchange will temporarily close its trading floors and move fully to electronic trading from March 210.
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That could be a problem for any companies that need lots of bandwidth, such as investment banks with big trading floors.
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Citi has physical operations in 98 markets, with trading floors in 77 countries and serving clients in more than 200 countries.
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History shows bonds and gold retain their value during times of rising fear on trading floors, while bank stocks get shellacked.
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And we got our hands on a leaked memo showing how Barclays is cracking down on cellphone use on trading floors.
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" They hoped the proposed changes would improve traders' work-life balance and would help create more "diverse and inclusive trading floors.
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Intercontinental said the NYSE has "robust, regularly tested contingency plans" to enable electronic trading on its exchanges with physical trading floors.
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The move comes after some bourses around the world closed trading floors or paused trade after withering falls in market value.
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While TV networks beamed news of the settlement onto trading floors around the world, Cohen sat at his desk in Stamford.
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Before the fear of a bank run spreads to the public, however, the atmosphere on the trading floors has already changed.
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Augmented reality on bank trading floors and hologram financial advisers are just a few of the huge changes to brace for.
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"NYSE's trading floors provide unique value to issuers and investors, but our markets are fully capable of operating in an all-electronic fashion to serve all participants, and we will proceed in that manner until we can re-open our trading floors to our members," New York Stock Exchange President Stacey Cunningham said in a Wednesday statement.
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A video of that testimony circulated on trading floors on Thursday, but some traders falsely interpreted an exchange between Comey and Sen.
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The new MIFID rules sent alarm bells across trading floors and many banks, traders have called for a rethink of the strategy.
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And JPMorgan is also preparing for the risk that the coronavirus outbreak disrupts its primary trading floors in New York and London.
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And while many have dismissed exchanges' trading floors as no longer an essential part of how markets operate, Najarian dismissed the idea.
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The entire industry was in a bit of a frenzy, hats were worn, signs were made and the trading floors exploded with applause.
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It could no longer monitor markets from a distance, but had to get down on trading floors and skirmish for bids and prices.
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There are many reasons that men still overwhelmingly populate trading floors and boardrooms, but this is one that has gotten too little attention.
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They may have to start passing out neck braces on trading floors if the White House's contradictions on trade policies continue much longer.
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On the options markets, electronic trading will continue normally but open-outcry trading will be suspending with the closure of the trading floors.
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The reverberations of Britain's decision to exit the EU will echo through trading floors and political institutions for many months and probably years.
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In one sign of the shrinking work force, Goldman moved the last trader out of one of its four Manhattan trading floors last year.
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Barclays is cracking down on employees' personal device usage on the investment bank's trading floors, according to an internal memo reviewed by Business Insider.
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Outside of the United States, there are few traditional trading floors left and electronic trading already accounts for the vast majority of trades anyway.
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The Fed chairman brought smiles to trading floors yesterday with a speech at the Economic Club of New York: He needed only two words.
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Moreover, treating good news as bad news is an ugly harbinger, another classic sign of a late-stage bull market that chills trading floors.
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The vests are also a bit of a status symbol, awarded for good performance, and they're also good for cold trading floors, they said.
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Some cite the circulation of his note on trading floors as a reason why stocks rolled over during a trading session in July last year.
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Declining expectations for European Central Bank rate hikes, slowing economic growth and concerns about Brexit have left European investment bank trading floors struggling for business.
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The days of trading floors packed with hundreds of highly-paid dealers are coming to an end, with more of their market operations being automated.
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Options exchange operators are shuttering access to physical trading floors to help limit large gatherings and combat the spread of the novel coronavirus, COVID-19.
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His happiest years at JPMorgan were probably spent running its multi-thousand-person fixed-income business, walking the trading floors of the former Bear building.
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They have a more casual culture, but you go to our trading floors and go to a lot of our offices it is no different.
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Under BNP's post-fine compliance framework, "conduct and control officers" wander trading floors and sales desks, spotting wayward behaviour earlier than would previously have been possible.
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"Consensus across Citi trading floors is that recent price action is very much driven by sentiment and short-term positioning," Citibank analysts said in a note.
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That nice, round number brought cheers on London trading floors and toasts in Manhattan bars, but it made a different noise in "Mother of God," Peru.
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However, the trading floors that have remained have come into the spotlight, as large events and gatherings are being cancelled as a measure to combat coronavirus.
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The talent system at investment banks relies on a steady stream of hungry young men and women to populate their trading floors, and most end up leaving.
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As a global health crisis raged outside, and markets convulsed and quaked with historically intense volatility, some of Wall Street's largest trading floors have been uncharacteristically quiet.
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Will Hammond, an American who worked with Wiswell at U.F.G., has been writing a memoir of his time on the trading floors—and dance floors—of Moscow.
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CreditCreditGabriella Angotti-Jones for The New York Times Goldman Sachs's trading floors are vast rooms crammed with rows of tightly packed workstations, four monitors for every trader.
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Indeed both the Dow Jones Industrial Average and the Nasdaq fell sharply as worries over increased regulations for technology companies ricocheted around trading floors, forcing a sell-off.
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With inflationary pressures and massive budget deficits having become the topic du jour this year, the bond-market "vigilantes" term has made its way back onto trading floors.
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UBS is moving 125 salespeople and traders on to its Manhattan trading floors as it folds its wealth management trading operations into those of the larger investment bank.
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Late Wednesday, New York Stock Exchange-owner Intercontinental Exchange Inc said the market would temporarily close its trading floors and move fully to electronic trading starting next week.
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Like in past emergency situations, the NYSE and the Nasdaq would only be closed for a day or two, but trading floors should be closed to human traders.
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By acquiring Refinitiv, the stock exchange and clearing-house group will greatly expand its market-information operations, pitting it on many trading floors against Bloomberg, another data provider.
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Trading floors always used to buzz with a combination of anticipation and a little bit of dread the first Friday of the month whenever U.S. payrolls numbers were released.
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And that is why its swooning stock price last week set off alarm bells in finance ministries, central bank suites and trading floors from Hong Kong to New York.
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"There's no real impact on the traders in our three locations," one of the sources said, adding that there were no plans for a total closure of trading floors.
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Vlad Khandros, the global head of market structure and liquidity strategy at UBS, said some of the Swiss bank's clients were questioning whether exchanges' physical trading floors should reopen.
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"There's no real impact on the traders in our three locations," one of the sources said, adding that there were no plans for a total closure of trading floors.
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Adding to worries, New York Stock Exchange-owner Intercontinental Exchange Inc said the market would temporarily close its trading floors and move fully to electronic trading starting next week.
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He also attracted attention to white-collar crime cases, not without controversy, by ordering "perp walks" of Wall Street executives being led in handcuffs from their bustling trading floors.
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D'Acunto, of the University of Maryland, said banks have tried to break away from the testosterone-fueled culture that once thrived, in part by promoting more diversity on trading floors.
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And that is why its swooning stock price last week set off alarm bells in finance ministries, central bank suites and trading floors from Hong Kong to New York. nyti.
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With exchanges' physical trading floors empty amid concerns over the spread of the novel coronavirus, some on Wall Street are asking if they should keep their doors closed for good.
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Most stocks, bonds and currencies are traded on computer servers clustered in guarded out-of-town data centres miles from where human traders at banks and brokers sit on trading floors.
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Uniper has a range of operations from hydroelectric, coal- and gas-fired plants to storage assets and trading floors, and holds stakes in gas pipelines, LNG terminals and nuclear plants across Europe.
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For all the ferocity that fueled the fight from its outset, Monday's decision was met with muted interest from inside the halls of science to the crowded trading floors of Wall Street.
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Similarly, Goldman reported crummy performance in the first quarter, a sufficient reason for its relatively weak stock performance – though the absence of Cohn on its trading floors could have been a factor.
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After a decade that included a global financial crash, numerous investigations into market collusion and relentless automation, trading floors at banks in London have been transformed in ways not obvious at first glance.
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The news spread like wildfire across trading floors in New York, Boston and Connecticut: The Federal Bureau of Investigation had raided four hedge fund firms looking for evidence associated with suspected insider trading.
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Building owners leasing space to certain energy-intensive tenants like data centers and trading floors have been especially vocal, complaining that they should not be penalized for the type of tenant they house.
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From the trading floors of Wall Street to the police holding-pens of the Bronx he told the story of Sherman McCoy, bond-trader and Master of the Universe, and his fall from grace.
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CHICAGO (Reuters) - Exchange operators in Chicago and London are making contingency plans and stepping up cleaning for open-outcry futures and options trading floors as the global spread of the new coronavirus spooks markets.
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"We had a brief closure after 9/11, but that was because people could not physically get to the trading floors and the [NYSE] was near ground zero," former SEC Commissioner Annette Nazareth said.
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CHICAGO (Reuters) - Exchange operators in Chicago and London are making contingency plans and stepping up cleaning for open-outcry futures and options trading floors as the global spread of the new coronavirus spooks markets.
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Krawcheck, a senior executive at Citigroup (C) and Bank of America (BAC) at the time of the financial crisis, said the white male-dominated trading floors and C-Suites led to groupthink that backfired, badly.
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These trading floors are just a sea of guys and that if there's more diversity, what has been shown is that businesses have lower risk, businesses tend to earn higher returns, businesses have more innovation.
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UBS, the largest wealth manager in the world, is moving more than 100 traders and salespeople from its Weehawken, New Jersey office onto trading floors in its Manhattan headquarters at 1285 Avenue of the Americas.
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The Philippine Stock Exchange took a bold step to close its financial markets on March 210 in response to coronavirus, while many others around the world close trading floors or pause trade after big falls.
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The Philippine Stock Exchange took a bold step to close its financial markets on March 210 in response to coronavirus, while many others around the world close trading floors or pause trade after big falls.
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But these days, trading floors are more likely to be dominated by batteries of screens — some desks are equipped with several different displays for a financial terminal, news alerts, tickers, instant messages, and Microsoft Excel.
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They have set up factories, marketing teams and trading floors in Britain while selling to clients from Ireland to Greece, as if this swath of geography — home to some 500 million people — were one country.
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Covering that voting, for Reuters and other journalists there, involves a mix of old-school observation with some of the fastest technologies available to transmit the text and visuals to trading floors and media organizations.
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New York (CNN Business)The New York Stock Exchange is temporarily closing trading floors and moving to fully electronic trading next week to prevent the spread of coronavirus, exchange operator Intercontinental Exchange Inc (ICE) said Wednesday.
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In the United States, the New York Stock Exchange is temporarily closing trading floors and moving to fully electronic trading starting next week in order to prevent the spread of coronavirus while ensuring that trading continues.
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The New York Stock Exchange said on Wednesday it would temporarily close its iconic trading floors as measures aimed at slowing the spread of the novel coronavirus continue to force Wall Street to adapt business practices.
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As such, its outcome is expected to have both a strong short-term impact on trading floors but also a long lasting structural influence on UK financial asset classes, be it sterling, government bonds or stocks.
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The optimism on European trading floors contrasted with Asia where Chinese stocks fell and the yuan wavered against the dollar a day before China and the United States were set to hit each other with punitive tariffs.
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Under EU law, traders must record calls when trading but banks have shut down their main trading floors, forcing dealers to work from back-up sites or even from home, making it harder to record all calls.
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While the majority of options trades are done electronically, floor trading is sometimes preferred for larger, more complex orders, allowing some options trading pits to survive even as most stock and futures trading floors have been phased out.
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Her support for Brexit comes from years on trading floors where she saw markets soar and implode: the euro, she says, will collapse as investors eventually ditch government bonds and money hemorrhages out of southern Europe to Germany.
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A sudden drop like the one on Friday is often called a flash crash, and it is sometimes caused by automated trades or a simple misplaced keystroke — a fat-finger error, as it is known on trading floors.
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CHICAGO, March 10 (Reuters) - Exchange operators in Chicago and London are making contingency plans and stepping up cleaning for the world's last remaining open-outcry futures and options trading floors as the global spread of coronavirus spooks markets.
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In a move that caused double takes on Wall Street trading floors and prompted comments on Twitter about how this must be the top of bitcoin mania, a little-known micro-cap stock called Long Island Iced Tea Corp.
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JPMorgan Chase (JPM), America's largest bank, recently asked thousands of its employees to work from home for a day and is testing backup trading sites in case the outbreak disrupts its primary trading floors in New York and London.
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There are a handful of options trading floors left in the United States, including NYSE Arca Options in San Francisco, NYSE American Options in New York, Nasdaq PHLX in Philadelphia, the Chicago Board Options Exchange, and the Minneapolis Grain Exchange.
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Nearly one-third of the bank's office space is to be taken up by two trading floors, according to the developer's news release in December, but Weiss said it was not yet clear how big the dealing operation would be.
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Uniper, which has a market value of 6.1 billion euros ($6.8 billion), operates everything from hydroelectric, coal- and gas-fired plants to storage assets and trading floors, and holds stakes in gas pipelines, LNG terminals and nuclear plants across Europe.
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Stocks hit their session highs Thursday after a CSPAN video from earlier in the month circulated on trading floors that some traders falsely interpreted as former FBI Director James Comey saying he was never pressured to end an FBI probe.
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A decade after the start of the financial crisis, supervisors are still trying to make the banking sector more robust and avoid a repeat of the meltdown that started on trading floors and brought low the whole euro zone economy.
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All of this helps explain why French Finance Minister Bruno Le Maire's torpedoing of the proposed $35 billion merger of Fiat Chrysler Automobiles with Renault earlier this month reverberated beyond the trading floors and conference rooms of a few investment banks.
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The New York Stock Exchange trading floor is closing The New York Stock Exchange is temporarily closing trading floors and moving to fully electronic trading next week to prevent the spread of coronavirus, my CNN Business colleague Clare Duffy reports.
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CHICAGO, March 16 (Reuters) - The Federal Reserve's latest measures to address economic fallout from the spreading coronavirus improved U.S. Treasury market liquidity on Monday, but a growing number of market participants fleeing trading floors for home may be slowing things down.
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With inflation fears back in vogue and the U.S. budget deficit seen ballooning, vigilantes have stormed fixed income trading floors and seem to be cropping up in equity markets too, where they may punish already battered stocks for policymakers' and lawmakers' actions.
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A veteran of the options space believes contingency plans put in place shutting down access to trading floors in light of the coronavirus could be what finally proves that the iconic pits have no place in a world dominated by electronic transactions.
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The Bank of America Tower, which was hailed as New York's "greenest" skyscraper, received top marks from LEED, and yet it requires vast energy reserves to light its trading floors and keep its servers and computer stations humming late into the night.
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"The talk on the trading floors this morning centers on the limited moves in markets, although some will welcome this, notably the Fed who have had a hand in creating these conditions," said Chris Weston, chief market strategist at spreadbetter IG in a morning note.
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Even the absence of Tokyo for a holiday could not stop the dollar from hitting a 15-month low on the yen, and gold finally broke major chart resistance to reach its highest since May as a wave of risk aversion swept through trading floors.
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YOU CAN CHECK IT OUT HERE>>A leaked Barclays memo warns of a crackdown on traders using cellphones on the trading floorBarclays is cracking down on employees' personal-device usage on the investment bank's trading floors, according to an internal memo reviewed by Business Insider.
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Over the past several decades as stock trading has become more electronic, most trading floors have been closed in favor of fully automated exchanges, many of which emphasize speed and allocate stocks based on a first-come first-served model at the best price available.
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Vlad Khandros, the global head of market structure and liquidity strategy at UBS, said "a number of clients" have asked if trading floors will ever reopen, with many hoping they remain closed because they view it as an additional source of friction for trading.
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Sources told Reuters that Finland's Fortum would be interested in some, but not all, of Uniper's assets, which include hydroelectric, coal- and gas-fired plants, storage assets and trading floors, as well as stakes in gas pipelines, LNG terminals and nuclear plants across Europe.
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While trading floors pretty much everywhere said there was no indication of a "fat finger" trade or another market malfunction, the rapid fall, in which the blue-chip index was losing hundreds of points in seconds, brought back memories of the first full-blown flash crash.
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The author Michael Lewis once described syndication desks as an "omniscient, omnipotent, omnivorous presence" on trading floors, but banks are working on new digital platforms to overhaul a process that has long consisted of phone calls, emails, instant messaging services and unwieldy spreadsheets to collect and collate the orders.
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A sudden drop like the one it suffered — down as much as 6 percent at one point — is often called a flash crash, and is sometimes caused by computer-driven automated trades or a simple misplaced keystroke (a fat-finger error, as it is known on trading floors).
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Well, first of all, it started when I was on Wall Street, which was very male going into the crisis and was even more male coming out of the crisis, and I don't think there's anyone who can say, "You know, if there'd been more women on those trading floors..." Iceland, right?
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It was fed by a belief that snaked its way three or four decades ago from the halls of the University of Chicago through investment-bank trading floors and into the corner offices of corporate America: that the interests of corporate managers must be brought into tight alignment with those of shareholders.
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The administration's decision to implement a 21-day ban on all travel from Europe — or specifically, the European Union's 2000 Schengen countries that allow for freedom of movement (excluding places like Ireland and the United Kingdom that have coronavirus but also, incidentally, happen to have Trump resorts) — tanked US stock markets this morning, while foreign trading floors also tumbled.
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The spokesperson said the MAS statement was made in response to a request for comment on Thursday from local newspaper the Business Times, which on Friday reported that white-collar crime investigators had visited the trading floors of DBS Vickers, Maybank Kim Eng, OCBC Securities and Phillip Securities on Monday to take "certain items" as well as taking some people in for questioning.
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And lest anyone think that affluent homebuyers aren't influenced by the availability of extravagant "extras," California-based real-estate agent Jade Mills told Business Insider's Libertina Brandt in February that, in a luxury market flooded with properties that boast sky parks and in-house stock trading floors, her buyers are particularly interested in cushy home theaters and wellness amenities like home gyms.
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More highlights from the finance team: We spoke with the CEO of DoorDash after the food-delivery giant filed for an IPO — here's how he feels about the competition, coronavirus, and going publicWhy Goldman Sachs analysts think Morgan Stanley's stock will be Wall Street's big winner if a full-blown coronavirus recession strikesCME and Cboe are clearing trading floors as coronavirus spreads, and one veteran trader thinks the millions they'll save will be too good to ever reopen the iconic pitsA Morgan Stanley exec gave us an inside look at its new VC partnership program aimed at helping fintechs pitch the Wall Street giantPeople are rethinking daily habits like touching dirty dollar bills as coronavirus spreads.
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