The View From The Pit

The largest trading pit at the Chicago Board Options Exchange has the feel of a frat-house party. The 300 casually dressed floor brokers and market makers, mostly men in their 20s and 30s, engage in backslapping camaraderie, cracking jokes and snapping gum between trades. But their game is deadly serious. That becomes apparent when you watch their eyes, fixed on huge electronic bulletin boards flashing market data, and hear them yelling their trades.

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