What’s next for the Floor?
Even with all the changes we’ve experienced in the industry these past two years, especially here on the floor, (futures pits shut down, and all of the jobs eliminated), it looks strange as I arrive on the 7th floor with the Translux quote boards now turned off. These boards which dominate the walls of the trading floor are now black. Cost savings? Perhaps, but it resumes the downward slide of this once exciting forum.
Still no electronic trading platform has been found that can attract the business away from the option pits. How long will that continue? Is it a simple matter of bandwidth?