Thursday, July 14, 2011

Trader's shoes

photocredit southcoasttoday.com

Displayed above is a shoe that was commonly worn in a busy trading pit as the bottom had an additional inch added so the wearer could get a better sight line in the pit.  The maximum which could be added was 3 inches to the bottom of the shoe per exchange rules and my guess is roughly 20% of those in a busy trading pit wore shoes such as these.  The two articles below elaborate a bit more on the use of platform shoes as a competitive advantage. 

Traders stand tall over hubbub with platform shoes

Brought Back to Earth At the Chicago Merc