People who have worked in asset management are all familiar with the environment that traders stay in. While most trading rooms are already filled with computers already, there was a time when it was just phones that the traders used to close deals while analyzing the charts. For those who have a genuine interest in the financial world, here are some things to know about these trading floors.
Now, first thing to know is that these places are also known as dealing rooms because that is where they transact deals. These areas became popular sometime in the seventies wherein a lot of investment types came out such as bonds, stocks, foreign exchange, and funding. Because most of these investment types were scattered to various departments, banks decided it was easier to put them all together in a designated dealing room.
Now, when the dealing room started out, only a phone and a teleprinter was found there as that was the only tools a broker used. The teleprinter gave the price quotes as well as printed them out on a special piece of paper. The teleprinter would print out the highs, lows, and last price of the investment.
During the middle of the 1900s, technology advanced and the tele register was eventually introduced following the boom of the New York Stock Exchange. Of course, the volume of investments also went up which meant that more traders had to increase their productivity and investment diversity. Due to this, more phones were added in typical dealing floors along with electronic calculators.
When the first spreadsheet software came out, the traders made full use of it. This was none other than Microsoft Excel from Windows. With that, the dealing floors slowly replaced their tele registers and their phones with computers that had the latest office software that could be used for the work.
Of course, the digital revolution eventually featured more advanced software with video display. The dealing room evolved from just becoming a room where people shout stock prices to a room filled with computers where trades are made electronically instead of phones. All the information can already be found in the computers and designated software.
Computers eventually became the staple of the dealing room wherein software or even cloud based applications are used for analyzing the charts. These days, one would now have charts with built in indicators that update themselves in real time. This allows the traders to do technical analysis with much sharper precision than they did before.
Now, the thing about dealing floors is that they are always associated with Wall Street simply because that is where all of the cool stuff happens. No matter what the dealing room contains, it will always be where the traders will make the money and close the trades. For those who have watched movies like Wall Street or the Big Short and have enjoyed them thoroughly, learn more about where the Wall Street traders play by knowing more about trading floors.
Now, first thing to know is that these places are also known as dealing rooms because that is where they transact deals. These areas became popular sometime in the seventies wherein a lot of investment types came out such as bonds, stocks, foreign exchange, and funding. Because most of these investment types were scattered to various departments, banks decided it was easier to put them all together in a designated dealing room.
Now, when the dealing room started out, only a phone and a teleprinter was found there as that was the only tools a broker used. The teleprinter gave the price quotes as well as printed them out on a special piece of paper. The teleprinter would print out the highs, lows, and last price of the investment.
During the middle of the 1900s, technology advanced and the tele register was eventually introduced following the boom of the New York Stock Exchange. Of course, the volume of investments also went up which meant that more traders had to increase their productivity and investment diversity. Due to this, more phones were added in typical dealing floors along with electronic calculators.
When the first spreadsheet software came out, the traders made full use of it. This was none other than Microsoft Excel from Windows. With that, the dealing floors slowly replaced their tele registers and their phones with computers that had the latest office software that could be used for the work.
Of course, the digital revolution eventually featured more advanced software with video display. The dealing room evolved from just becoming a room where people shout stock prices to a room filled with computers where trades are made electronically instead of phones. All the information can already be found in the computers and designated software.
Computers eventually became the staple of the dealing room wherein software or even cloud based applications are used for analyzing the charts. These days, one would now have charts with built in indicators that update themselves in real time. This allows the traders to do technical analysis with much sharper precision than they did before.
Now, the thing about dealing floors is that they are always associated with Wall Street simply because that is where all of the cool stuff happens. No matter what the dealing room contains, it will always be where the traders will make the money and close the trades. For those who have watched movies like Wall Street or the Big Short and have enjoyed them thoroughly, learn more about where the Wall Street traders play by knowing more about trading floors.
About the Author:
Learn how to make money in trading rooms with top tips from this informative website. For guidance, see the related homepage today at http://www.marketscholars.com.