Random bits of history and artifacts from open outcry futures pit trading.
Wednesday, November 3, 2010
U.S. Marines in the trading pits
The US Marine Corps will be celebrating their 235th anniversary in a week on November 10th and all Americans owe a debt of gratitude to their service. I'm honored to have cousins who are Marines and if given another lifetime would like to become one myself. It is humbling that the Marines could learn stuff from pit traders as they partnered with NYMEX in the 1990s on exercises to learn of functioning under stress and decision making. A few articles linked below outline some findings: