Jul

28

 From The Asylum:

Kaufman, a floor broker, talking: "I still remember the guy who had the record for the fastest knockout. He was a 300 pound former NFL linebacker. "Tiny took one look at him and just took him out. I personally got tackled by a floor broker once for nothing other than not checking on his trades fast enough"

Kaufmann's boss was Smith the senior, VP of operations. When a probe of the Manhattan DA ousted him over a bribe of just 75,000 his replacement came in. "I came into my the office that morning and my cubicle along with my boss's desk and and just about everything else was covered in police tape." Kaufmann remarked: "At the exchange you never really knew who was going to get nabbed for something on a given day… if a major trader let you stand near to him, that was a big deal because you'd be hearing all the information he was getting." If you were allowed to dual trade you could give the customer the bad trades and keep the good ones for yourself. Or jump ahead of the customer with your own trades before fulfilling the customers orders.

Fisher was hailed by the other traders as a genius. He has an MBA from Wharton. In his spare time he had written a book "The Logical Trader: applying a method to the madness" "We would start each day by looking at the pinup girls in the local newspaper. We would have playboy mailed to the office. The author remarks "the booths also had drugs and alcohol in them."


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