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The Transformation Of Wall Street In Two Photos: The UBS Trading Floor In 2008… And 2016

from Zero Hedge:

Back in its heyday, the trading floor in UBS’ Stamford office, once the largest in the world and big enough to hold 23 basketball courts, was a symbol of everything that went right on Wall Street. Packed with traders, it was a non-stop cacophony of screaming, constant motion and furious energy – to an outsider sheer chaos, which somehow ended up generating millions in profits for the bank every day. Some time around 2008, just before the financial crisis hit, it looked like this.

Fast forward 8 years later, when all that’s left of the UBS trading floor, and the legacy of that version of Wall Street, is this. Game over.

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2 comments to The Transformation Of Wall Street In Two Photos: The UBS Trading Floor In 2008… And 2016

  • d

    This is what you get IF you ‘invest’ in the Clinton Foundation and its ilk…..imho

  • You can thank HFT for that, and advanced trading platforms.The local trader and open outcry has vanished and needs to be reinstated though that may as well just be a wish. Slowing the system down and adding masses back to the game will reduce the rigged algorithm stock market of today.

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