Liffe Floor Stories

But anyone who thinks that the world of derivatives is just about greedy bankers who put our pensions and savings at risk is wrong.

Liffe floor stories.

The jokes and japes on liffe s trading floor have now been replaced by talk of sackings and salary cuts. The catastrophic events of 2008 prove that the financial world has not learnt the lessons of my own tragic tale. Day one trader is the gripping chronicle ofthe unknown working heroes of the liffe floor who shattered a glass ceiling of elitism in the city of london. The widow of barry lind a trader and financier who made millions on the chicago mercantile exchange and held a leading role in transforming the cme into its current form has sued the couple s longtime lawyers michael o.

The bell rang and i watched a scrum of dealers scramble to trade liffe s first ever contracts in a heap of frenetic energy from day one trader. This technology means traders no longer need to be. Financial experts and novices alike will be gripped by sussex s account of the highs and lows of a career that spanned almost three decades in the. Liffe s trading floor with its traditional open outcry in trading pits is being rapidly replaced by electronic trading through liffeconnect.

And anyone familiar with chicago pits will immediately find many parallels to london. The london international financial futures exchange was being dealt off the floor by its rivals and all it could look forward to was a slow humiliating. Colin ned kelly the london international financial futures and options exchange trader fined pounds 500 for abusing a member of staff was cheered by colleagues on the trading floor after. Forty london futures traders have been temporarily put out of business after a trader lost pounds 750 000 on friday on a bet in gilt futures on the liffe market.

Packed full of exclusive until now unreported stories day one trader sheds new light on what motivated characters such as nick leeson and provides insight to liffe floors star traders. Day one trader is the exclusive story of john sussex on his journey from son of a basildon factory worker leaving school at 16 to successful city financier and member of the liffe board. The author started on the liffe floor on day one they opened in 1982 hence the title and he was there till the very end 98 2000. The war stories and day to day life on pits in different continents were very similar.