Trading Floor
topic on 2 shows · 4 statements across 3 episodes
American Optimist 
Capital Allocators
4 statements about Trading Floor, every show
Jain: Inefficient market structures persist far longer than participants expect
“Turns out the trading floors lasted for a long, long time after that.
And so what I realized is that things can last a lot longer than you think they can.”
Puffer: Trading floor desk mechanics provide unmatched capital markets insight
“I know how the swap desk interacts with the rates desk, interacts with the currency desk, interacts with the debt origination desk when a corporate deal comes to market, for example. And not many people get that exposure. Its value to me today is huge that I u…”
Puffer: Sell-side trading floors prioritize bank P&L over client returns
“On the trading floor, it really is about P&L. It's about, are you making money today? Did you make money yesterday? How are you making money tomorrow? And who are you making money for? Well, you're not really aiming to make money for the clients, other than in…”
Mack: Trading floor performance is visible purely through facial expressions
“You could tell what was going on just by looking at people's faces. You didn't have to hear any dialogue, and the person who was smiling was writing big tickets, and the person who was down and had their head down and walking around drinking coffee was not doi…”