Trading Pit History | To preserve, for historical record, the hand signals of open outcry trading
Things are slowly returning to “normal.” More, fully vaccinated, people are being allowed back to the floor of the NY stock exchange. For a little history and preservation the website Trading Pit History is looking to archive the unique hand signals used across trading floors.
The precise origin of hand signals hasn’t accurately been recorded but the basic standards of buy/sell, price, and quantity were already established when an early reference was made in the 1903 publication of Frank Norris’ The Pit: A Story of Chicago . Over the next seven decades, little development was needed beyond the most basic hand signals but that drastically changed beginning in the early 1970s.
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