|
Trading Jacket
A trading jacket is a blazer garment worn by a broker who executes trades by open outcry in and around the trading pits of various financial exchanges. Throughout the twentieth century, trading jackets were simply white. Following counterculture of the 1960s, they became brightly colored and distinctive to assist in the identification of specific traders or the exchange members for whom they work. In the United States, American flags became a common accoutrement following the September 11 attacks. Today, trading jackets are mostly anachronistic as open outcry exchanges have been displaced by electronic trading platforms. Chicago-based PECO Inc has been the leading supplier of trading jackets since 1919. Nick Leeson's Trading Jacket On 5 April 2007, the Guardian newspaper reported that KPMG, the Liquidators of Barings PLC had sold a trading jacket thought to have been worn by Nick Leeson Nicholas William Leeson (born 25 February 1967) is an English former derivatives trader ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blazer
A blazer is a type of jacket resembling a suit jacket, but cut more casually. A blazer is generally distinguished from a sport coat as a more formal garment and tailored from solid colour fabrics. Blazers often have naval-style metal buttons to reflect their origins as jackets worn by boating club members. A blazer's cloth is usually durable, as it is intended as outdoor wear. Blazers are often part of a uniform that denotes, for example, an airline's employees, pupils of a particular school, members of sports clubs, or sportsmen and women on a particular team. Wear Blazers are worn with a wide variety of clothes, ranging from a dress shirt and necktie to an open-necked polo shirt, or even just a plain T-shirt. They are seen with trousers of all colours and fabrics, from the classic white cotton or linen, to grey flannel, to brown or beige chinos, and also jeans. A fitted, classically cut, double-breasted navy blue blazer with navy-style buttons is a popular design and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Outcry
Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orders. floor trading hand signals The part of the trading floor where this takes place is called a ''pit''. In an open outcry auction, bids and offers must be made out in the open market, giving all participants a chance to compete for the order with the best price. New bids or offers would be made if better than previous pricing for efficient price discovery. Exchanges also value positions marked to these public market prices on a daily basis. In contrast, over-the-counter markets are where bids and offers are negotiated privately between principals. Since the development of the stock exchange in the 17th century in Amsterdam, open outcry was the main method used to communicate among traders. This started changing in the latter half ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange (organized Market)
An exchange, bourse (), trading exchange or trading venue is an organized market where (especially) tradable securities, commodities, foreign exchange, futures, and options contracts are bought and sold. History 12th century: Brokers on the Grand Bridge, France In the twelfth century, foreign exchange dealers in France were responsible for controlling and regulating the debts of agricultural communities on behalf of banks. These were actually the first brokers. They met on the Grand Bridge in Paris, the current Pont au Change. It takes its name from the forex brokers. 13th century: ''Huis ter Beurze'', Belgium The term ''bourse'') which was later used as bursa in Medieval Latin to refer to the "purse". is related to the 13th-century inn named "'' Huis ter Beurze''" owned by family in Bruges, Belgium, where traders and foreign merchants from across Europe, especially the Italian Republics of Genoa, Florence and Venice, conducted business in the late medieval period. The b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counterculture Of The 1960s
The counterculture of the 1960s was an anti-establishment cultural phenomenon that developed throughout much of the Western world in the 1960s and has been ongoing to the present day. The aggregate movement gained momentum as the civil rights movement in the United States continued to grow, and with the intensification of the Vietnam War, it would later become revolutionary to some. As the 1960s progressed, widespread social tensions also developed concerning other issues, and tended to flow along generational lines regarding human sexuality, women's rights, traditional modes of authority, rights of non-white people, end of racial segregation, experimentation with psychoactive drugs, and differing interpretations of the American Dream. Many key movements related to these issues were born or advanced within the counterculture of the 1960s. As the era unfolded, what emerged were new cultural forms and a dynamic subculture that celebrated experimentation, modern incarnations of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
September 11 Attacks
The September 11 attacks, commonly known as 9/11, were four coordinated suicide terrorist attacks carried out by al-Qaeda against the United States on Tuesday, September 11, 2001. That morning, nineteen terrorists hijacked four commercial airliners scheduled to travel from the Northeastern United States to California. The hijackers crashed the first two planes into the Twin Towers of the World Trade Center in New York City, and the third plane into the Pentagon (the headquarters of the United States military) in Arlington County, Virginia. The fourth plane was intended to hit a federal government building in Washington, D.C., but crashed in a field following a passenger revolt. The attacks killed nearly 3,000 people and instigated the war on terror. The first impact was that of American Airlines Flight 11. It was crashed into the North Tower of the World Trade Center complex in Lower Manhattan at 8:46 a.m. Seventeen minutes later, at 9:03, the World Trade Cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anachronism
An anachronism (from the Greek , 'against' and , 'time') is a chronological inconsistency in some arrangement, especially a juxtaposition of people, events, objects, language terms and customs from different time periods. The most common type of anachronism is an object misplaced in time, but it may be a verbal expression, a technology, a philosophical idea, a musical style, a material, a plant or animal, a custom, or anything else associated with a particular period that is placed outside its proper temporal domain. (An example of that would be films including non-avian dinosaurs and prehistoric human beings living side by side, but they were, in reality, millions of years apart.) An anachronism may be either intentional or unintentional. Intentional anachronisms may be introduced into a literary or artistic work to help a contemporary audience engage more readily with a historical period. Anachronism can also be used intentionally for purposes of rhetoric, propaganda, come ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Trading Platform
In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary or directly between the participants or members of the trading platform. This includes products such as stocks, bonds, currencies, commodities, derivatives and others, with a financial intermediary, such as brokers, market makers, Investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone based trading. Sometimes the term trading platform is also used in reference to the trading software alone. Electronic trading platforms typically stream live market prices on which users can trade and may pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nick Leeson
Nicholas William Leeson (born 25 February 1967) is an English former derivatives trader whose fraudulent, unauthorized and speculative trades resulted in the 1995 collapse of Barings Bank, the United Kingdom's oldest merchant bank. Leeson was convicted of financial crime in Singapore court and served over four years in Changi Prison. Between 2005 and 2011, Leeson had senior management roles at League of Ireland club Galway United. After it suffered financial difficulties, he resigned from his position as chief executive officer. He is also active on the keynote and after-dinner speaking circuit, where he advises companies about risk and corporate responsibility. Early life Nick Leeson was born in Watford, Hertfordshire, and attended Parmiter's School in nearby Garston. Born to working-class parents on a council estate, his father was a self-employed plasterer, his mother a nurse. After finishing sixth form in 1985 with six O Levels and two A level passes in English Liter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workwear
Workwear is clothing worn for work, especially work that involves manual labour. Often those employed within trade industries elect to be outfitted in workwear because it is built to provide durability and safety. The workwear clothing industry is growing and consumers have numerous retailers to choose from. Chains that have made a commitment to the $1 billion and rising workwear business report steady 6 percent to 8 percent annual gains in men's workwear. In the United Kingdom, if workwear is provided to an employee without a logo, it may be subject to income tax being levied on the employee for a " payment in kind." However, if company clothing is provided with logos on then the employee may be entitled to a tax rebate to help pay for the upkeep. History In Britain from the mid 19th century until the 1970s, dustmen, coalmen, and the manual laborers known as navvies wore flat caps, corduroy pants, heavy boots, and donkey jackets, often with a brightly colored cotton neck ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
