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Trading Jacket
A trading jacket is a blazer garment worn by a broker who executes trades by open outcry in and around the trading pits of various financial exchanges. Throughout the twentieth century, trading jackets were simply white. Following counterculture of the 1960s, they became brightly colored and distinctive to assist in the identification of specific traders or the exchange members for whom they work. In the United States, American flags became a common accoutrement following the September 11 attacks. Today, trading jackets are mostly anachronistic as open outcry exchanges have been displaced by electronic trading platforms. Chicago-based PECO Inc has been the leading supplier of trading jackets since 1919. Nick Leeson's trading jacket On 5 April 2007, the Guardian newspaper reported that KPMG, the Liquidators of Barings PLC had sold a trading jacket thought to have been worn by Nick Leeson Nicholas William Leeson (born 25 February 1967) is an English former derivatives trader ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blazer
A blazer is a jacket worn as part of a smart casual or business casual look. Similar to a sport jacket, a blazer is not part of a formal suit, and the terms "sport coat" and "blazer" may be used interchangeably in daily life. A nautical blazer is a double-breasted navy blue jacket with naval-style metal buttons (gold or silver coloured), while rowing (sport), rowing/cricket blazers have bright-coloured solid stripes, and a patch on the chest pocket denoting the club or college. Other rowing/cricket blazers featuring a contrasting piping along notched lapels were worn more formally for the presentation of cups or medals. Originally a scarlet jacket worn in club or plain colours when boating or cricketing, the garment gradually lost its connection with sportswear from the 1930s onward to enter classic Ivy League (clothes), Ivy style, and the look came to be associated with the lifestyle of upper class, wealthy elites in North America and Europe. Blazers can be part of a unifor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open Outcry
Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor. It involves shouting and the use of Hand signaling (stock market), hand signals to transfer information primarily about buy and sell orders. floor trading hand signals The part of the trading floor where this takes place is called a ''pit''. In an open outcry auction, Bidding, bids and offers must be made out in the open market, giving all participants a chance to compete for the order with the best price. New bids or offers would be made if better than previous pricing for efficient price discovery. Exchanges also value positions marked to these public market prices on a daily basis. In contrast, Over-the-counter (finance), over-the-counter markets are where bids and offers are negotiated privately between principals. Since the development of the stock exchange in the 17th century in Amsterdam, open outcry was the main method used to co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange (organized Market)
An exchange, bourse (), trading exchange or trading venue is an organized market (economics), market where (especially) tradable securities, commodity, commodities, foreign exchange market, foreign exchange, futures contract, futures, and option (finance), options contracts are bought and sold. History 12th century: Brokers on the Grand Bridge, France In the twelfth century, foreign exchange dealers in France were responsible for controlling and regulating the debts of agricultural communities on behalf of banks. These were actually the first brokers. They met on the Grand Bridge in Paris, the current Pont au Change. It takes its name from the forex brokers. 13th century: ''Huis ter Beurze'', Belgium The term ''bourse'' is related to the 13th-century inn named "''Bourse at Bruges, Huis ter Beurze''" owned by family in Bruges, Belgium, where traders and foreign merchants from across Europe, especially the Italian Republics of Republic of Genoa, Genoa, Republic of Florence, Fl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Counterculture Of The 1960s
The counterculture of the 1960s was an anti-establishment cultural phenomenon and political movement that developed in the Western world during the mid-20th century. It began in the early 1960s, and continued through the early 1970s. It is often synonymous with cultural liberalism and with the various social changes of the decade. The effects of the movement"iarchive:cubanc 000104, Where Have All the Rebels Gone?" Ep. 125 of ''Assignment America''. Buffalo, NY: WNET. 1975.Transcript availablevia American Archive of Public Broadcasting.) have been ongoing to the present day. The aggregate movement gained momentum as the civil rights movement in the United States had made significant progress, such as the Voting Rights Act of 1965, and with the intensification of the Vietnam War that same year, it became revolutionary to some. As the movement progressed, widespread social tensions also developed concerning other issues, and tended to flow along generational lines regarding Individu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
September 11 Attacks
The September 11 attacks, also known as 9/11, were four coordinated Islamist terrorist suicide attacks by al-Qaeda against the United States in 2001. Nineteen terrorists hijacked four commercial airliners, crashing the first two into the Twin Towers of the World Trade Center in New York City and the third into the Pentagon (headquarters of the U.S. Department of Defense) in Arlington County, Virginia. The fourth plane crashed in a rural Pennsylvania field during a passenger revolt. The attacks killed 2,977 people, making it the deadliest terrorist attack in history. In response to the attacks, the United States waged the global war on terror over multiple decades to eliminate hostile groups deemed terrorist organizations, as well as the foreign governments purported to support them. Ringleader Mohamed Atta flew American Airlines Flight 11 into the North Tower of the World Trade Center complex at 8:46 a.m. Seventeen minutes later at 9:03 a.m., United Airlines Flig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anachronism
An anachronism (from the Greek , 'against' and , 'time') is a chronological inconsistency in some arrangement, especially a juxtaposition of people, events, objects, language terms and customs from different time periods. The most common type of anachronism is an object misplaced in time, but it may be a verbal expression, a technology, a philosophical idea, a musical style, a material, a plant or animal, a custom, or anything else associated with a particular period that is placed outside its proper temporal domain. An anachronism may be either intentional or unintentional. Intentional anachronisms may be introduced into a literary or artistic work to help a contemporary audience engage more readily with a historical period. Anachronism can also be used intentionally for purposes of rhetoric, propaganda, comedy, or shock. Unintentional anachronisms may occur when a writer, artist, or performer is unaware of differences in technology, terminology and language, customs and atti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Trading Platform
In finance, an electronic trading platform, also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary or directly between the participants or members of the trading platform. This includes products such as stocks, bonds, currencies, commodities, derivatives and others, with a financial intermediary such as brokers, market makers, investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone-based trading. Sometimes the term trading platform is also used in reference to the trading software alone. Electronic trading platforms typically stream live market prices on which users can trade and may provid ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nick Leeson
Nicholas William Leeson (born 25 February 1967) is an English former derivatives trader whose fraudulent, unauthorised and speculative trades resulted in the 1995 collapse of Barings Bank, the United Kingdom's oldest existing merchant bank. He was convicted of financial crime in a Singapore court and served over four years in Changi Prison. Between 2005 and 2011, Leeson had senior management roles at League of Ireland football club Galway United. After it suffered financial difficulties, he resigned from his position as chief executive officer. He is also active on the keynote and after-dinner speaking circuit, where he advises companies about risk and corporate responsibility. Since 2023, he has been a private investigator dealing with cases of financial misconduct. Early life Nick Leeson was born in Watford, Hertfordshire, to working-class parents on a council estate. His father was a self-employed plasterer, his mother a nurse. He attended Parmiter's School in near ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SIMEX
Singapore Exchange Limited (SGX Group) is a Singapore-based exchange conglomerate, operating equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and data services. SGX Group is also a member of the World Federation of Exchanges and the Asian and Oceanian Stock Exchanges Federation. It is ASEAN's second largest market capitalization after Indonesia Stock Exchange at as of September 2023. Singapore’s stock exchange hits 20-year low in listed companies. History SGX was formed on 1 December 1999 as a holding company. The share capital of some former exchange companies, namely Stock Exchange of Singapore (SES), Singapore International Monetary Exchange (SIMEX) that was founded in 1984 and Securities Clearing and Computer Services Pte Ltd (SCCS) were cancelled and new shares issued in these companies were fully paid up by SGX. In this way, all assets previously owned by these three companies were tr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Workwear
Workwear is clothing worn for work, especially work that involves manual labour. Often those employed within trade industries elect to be outfitted in workwear because it is built to provide durability and safety. The workwear clothing industry is growing and consumers have numerous retailers to choose from. Chains that have made a commitment to the $1 billion and rising workwear business report steady 6 percent to 8 percent annual gains in men's workwear. In the United Kingdom, if workwear is provided to an employee without a logo, it may be subject to income tax being levied on the employee for a " payment in kind." However, if company clothing is provided with logos on then the employee may be entitled to a tax rebate to help pay for the upkeep. History In Britain from the mid 19th century until the 1970s, dustmen, coalmen, and the manual laborers known as navvies wore flat caps, corduroy pants, heavy boots, and donkey jackets, often with a brightly colored cotton ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
