March 21, 2016· 26 min

20: The Time NYSE Floor Traders Tried to Prank President Reagan

Pimm Fox

Orality

Model

68%

Oral-dominant (speeches, podcasts, storytelling)

Speaker Breakdown

HostTracy Alloway(717 words)

M:29%

HostJoe Weisenthal(556 words)

M:29%

GuestPimm Fox(3,604 words)

M:28%

Oral Indicators

Agonistic24%

literally, completely, very

Engagement58%

you, our, your

Memory Aids100%

listen, now, so

Repetition100%

they (43x), floor (41x), market (35x)

Parallelism75%

So we wish him the best of luc..., And you have to remember that,..., But, you know, one of the thin...

Sound Patterns37%

20 question(s), alliteration: "markets move", alliteration: "barclays brief"

Formulaic Phrases4%

i mean

Literate Indicators

Hedging10%

maybe, probably, could

Passive Voice9%

be handled, be priced, be executed

Abstract Nouns22%

investment, recommendation, paternity

Subordination13%

because, though, while

Sentence Length37%

Avg: 14.1 words/sentence

Word Complexity45%

investment, analyze, anticipate

Academic Markers0%

Impersonal Style42%

317 personal pronouns found

Descriptive Style93%

literally, completely, probably

Description

For years, the image of a stock market trader was synonymous with images of Testosterone-fueled traders wheeling and dealing on the floor of big exchanges. But change has swept stock markets in recent years, diminishing their role in everyday trading. Now, the vast majority of stock trades take place through computerized systems, giving rise to huge debate over the dangers and benefits of high-frequency and automated trading. This week, Pimm Fox, co-anchor of Taking Stock on Bloomberg Radio, joins Odd Lots co-host Tracy Alloway to speak with Keith Bliss, senior vice president at Cuttone & Co. and one of a dwindling number of floor traders left at the New York Stock Exchange. We visit a bygone era when 5,000 traders swaggered through the crowded floors of the NYSE -- unafraid to prank their bosses, or indeed, even the president of the United States. See omnystudio.com/listener for privacy information.

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