The work of the Stock Exchange

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Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter VIII. The floor trader and the specialist

Collection:: Economics Books

THE FLOOR TRADER AND THE SPECIALIST 215 $2.50 out of the $25 he receives from the customer for exe- cuting the order. After watching Sugar sell at 101, 10034, 10073, and 100Y%%, Jenkins sees his number appear on the annunciator board, and knows he is wanted at his phone. On the other hand, he does not dare take the order with him, while the stock is breaking toward par lest he miss his market. Hence, he gives the order to the specialist in American Sugar. BUY MONTH Joo B¥ 0 // 5 BUY LINKIN Joo Br — yg wu’ JENKINS & CO. Rooth XX ar Figure 12a. Buy Slip for a “Give-Out” Order Employed when one member in- structs another member to execute an order in his behalf. Tiour 110711 Showing confirmation signed specialist. William Brown. Even while he is at his phone getting another order, the spe- cialist may have executed the order in Sugar. If so, the spe- cialist makes out a report of the purchase and sends it back to Jenkins’ telephone clerk through the tube system. Method of Operating.—Let us look for a moment at the physical condition surrounding the work of the specialist. All day long he stands beside a single post on the floor. Around him gather the crowds in the particular stocks in which he deals, composed of eager commission brokers, two-dollar brokers, busy odd-lot dealers, and swift floor traders. In a 18 See Chapter VI. p. 166.

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