March 19, 2018· 36 min
What It Was Like In The Glory Days Of Trading Currencies In The Pits
Orality
Model
60%
Mixed oral/literate (blogs, casual essays)
Speaker Breakdown
HostTracy Alloway(795 words)
M:29%
HostJoe Weisenthal(1,005 words)
M:29%
GuestCameron Crise(4,880 words)
M:28%
Oral Indicators
Agonistic39%
literally, completely, absolutely
Engagement79%
you, our, your
Memory Aids100%
listen, now, so
Repetition100%
know (79x), sort (68x), like (44x)
Parallelism100%
And I'm Joe...., So Joe, we had a pretty big de..., So what we're talking about, o...
Sound Patterns60%
43 question(s), alliteration: "markets move", alliteration: "barclays brief"
Formulaic Phrases11%
you know what, i mean, to be honest
Literate Indicators
Hedging13%
arguably, apparently, could
Passive Voice9%
are involved, were men, were men
Abstract Nouns20%
investment, recommendation, edition
Subordination7%
while, because, whereas
Sentence Length42%
Avg: 15.6 words/sentence
Word Complexity44%
investment, analyze, anticipate
Academic Markers0%
Impersonal Style21%
569 personal pronouns found
Descriptive Style84%
literally, completely, arguably
Description
These days, when you think of trading, you think of people sitting at a desk with a bunch of monitors, watching charts, and maybe making decisions based on algorithmic signals. Of course if you imagine a trader a few decades ago, you think of someone in a big open pit shouting loudly and writing things down on actual physical pieces of paper. So what was that scene really like? On this week's Odd Lots podcast, we speak with Cameron Crise, a Bloomberg macro strategist, who used to trade currency options in the pits in Chicago during the early 1990s. We talk about how he got there, some of the funniest moments he experienced, and how the trading world has evolved since then. See omnystudio.com/listener for privacy information.