For generations, the trading pit at the Kansas City Board of Trade was capitalism in its purest form.
Traders crowded the steps of the recessed area, frantically calling out offers to sell and buy wheat options and futures. Runners relayed clients’ orders to the floor brokers to get the best prices available, then headed back to the phone banks to relay confirmation of the deals.
In the seeming confusion, millions upon millions of dollars traded hands — along with options for millions upon…
For generations, the trading pit at the Kansas City Board of Trade was capitalism in its purest form.
Traders crowded the steps of the recessed area, frantically calling out offers to sell and buy wheat options and futures. Runners relayed clients’ orders to the floor brokers to get the best prices available, then headed back to the phone banks to relay confirmation of the deals.
In the seeming confusion, millions upon millions of dollars traded hands — along with options for millions upon…