Wednesday, August 3, 2011

Trading floor reinvention


photo credit inhabit.com

Like those who once worked in and around the trading pits, the physical trading floors had to be reinvented for a different role once trading became electronic.  The most recent recent exchange to shut floor trading and go 100% was the Minneapolis Grain Exchange and their trading floor is now used as a collaborative office where people can rent desks for various durations and contractual commitment.  The trend for "coworking" is pretty widespread across the US now and it's a great use of space at the MGEX because it is simply installing desks and chairs for the most part. 

Thanks to Nathan Rudd of Minneapolis for the link.