Trading room

From Wikipedia, the free encyclopedia

Trades on the floor of the New York Stock Exchange always involve a face-to-face interaction. There is one podium/desk on the trading floor for each of the exchange's three thousand or so stocks.

The notion of "trading room" (sometimes used as a synonym of "trading floor", see below) is widely used in financial markets to refer to the office space where market activities are concentrated in investment banks or brokerage houses. Financial trading rooms often consists of open-space large offices where financial workers (often referred to as "traders") monitor the markets, develop financial products, or engage into trading activities with other counterparties (through the telephone or through electronic interfaces). Contemporary trading rooms are highly technological spaces. The different trading or sales desks are equipped with financial data technologies such as the ones provided by companies such as Bloomberg or Reuters.

A "trading floor" is a trading venue. This expression often refers to stock exchanges and, more precisely, to the open outcry institution where traders or stock brokers meet in order to buy and sell equities. Sometimes, the expression "trading floor" is also used to refer to the "trading room" or "dealing room", i.e. the office space where market activities are concentrated in investment banks or brokerage houses. But, technically speaking, these two spaces are different.

This economics or finance-related article is a stub. You can help Wikipedia by expanding it.