The Arcade Traders "Pit Stories" Thread

This is a discussion on The Arcade Traders "Pit Stories" Thread within the Trading Firms forums, part of the Trading Career category; royal exchange this time...tiny pits and tiny booths.... runners were never paid well, more a case of heres your chance ...

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Old Sep 22, 2005, 9:50pm   #31
Joined Sep 2005
damn and another one...

royal exchange this time...tiny pits and tiny booths....

runners were never paid well, more a case of heres your chance son, suck it and see or naff off (bit like the arcades i think)

so one runner got a little desparate...am pretty sure he worked for gni and was having one or two minor cash flow problems..no worrries tho, he had a plan....

one day hes very late to work...noel the floor manager was screaming blue murder until, there goes the fone line and its little jonny's mum...conversation went something like this

''hello..is that gn?....?
''yes it is''
im jonnys mum, he wont be in today''
''whys that? is he ill?''
'''infact he wont be in for a very long time.....''
booth monkey now concerned...''why whats the matter?''

''he held up a petrol station last night attempting armed robbery and was caught so i expect he wont be in for about 15 years....''click..fone hung up, mum crying, we're crying with laughter....nasty old place!!
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Old Sep 23, 2005, 3:13pm   #32
Joined Sep 2005
and another one

what about the work experience runner who got trapped in the bund pit and made the front pages of the evening standard?????
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Old Sep 23, 2005, 3:15pm   #33
 
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Directional started this thread LOL! how did he get trapped and why did it make the front page?!?
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Old Sep 23, 2005, 8:48pm   #34
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during the war...

so this runner is just about nudging 16 but obviously couldnt get a suit to fit him but that didnt matter, he wouldnt stand out too much....on his second or third day, the lads collecting cards from the guys on the edge of the bund pit when wham, next thing he knows hes been lifted off his feet and dumped into the middle of the pit with a circle of traders chucking cards at him...he makes a run for it only to be grabbed by one 'senior' local who bends down and says

...''oi son d'you know what noise this is?''
-at which point he starts slapping his cheek..

little runner replies.....''no?'' (surpriise surprise)

trader says...''i'lll tell you, its my c++k slapping against your a++rse cheeks''

exit runner left, screaming and crying, pit dying of laughter..

trouble was they'd picked the wrong runner; he'd got down there with a firm only because his daddy was pals with a big wig from the l+++e board.

so, guess what story then appears in the evening standard later that week...and we're talking front page stuff...oh yes..........and guess what, horrendous fines followed soon afterwards to all those nasty nasty bully locals involved...
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Old Sep 26, 2005, 6:06pm   #35
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i got fined 5k i seem to recall for pre -arranging a trade i didnt pre arrange. was a case of knowing this bloke did the same trade every month near the end of the month. so cos i only showed a bid and not an offer and was first out of the traps so i got hit, that was defined pre arranged...lovely.

i was shopped by a chappie called steve s who reinvented himself from being a crap bund options trader to working on cnbc or cnn business daily. seems hes crap at that too from when ive seen him on there. nothing holding the lad back other than a severe lack of talent........altho you could argue at least he is consistent

and now, years later to rub salt in wounds (!) i hear all options deals are pre arranged and then cross on the fangled machine.....

l+ff+ wheres me bleeding 5k back you bunch of crooks!!!!
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Old Sep 26, 2005, 7:21pm   #36
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i got fined £300 for using a wippet!!! well not quite, but it went like this.......

(a wippet was like a mobile phone but only worked in the liffe building - mobiles were not allowed on the floor)

so there i am, frantically calling out the futs down the wippet to my boss as he tries to manage his option position from the other side of the world (on holls) during a MAJOR figure, WHILE ALSO HAVING OTHER POSITIONS OF MY OWN THAT NEED TAKING CARE OF - NOT THAT MY BOSS GIVES A DAMN OF COURSE! anyway, i feel this tap and hear this voice behind me shouting 'NO MOBILES ON THE FLOOR!'


'F@*&K OFF IM BUSY' i reply thinking its some jerk or a runner trying to be funny.

'NO MOBILES ON THE FLOOR. WHATS YOUR MNEMONIC?' (id)

'F$$K OFF ******' i reply. my boss is also getting pi$$ed at this jerk now as well.

anyway, the tap turns into a hand on my shoulder and the person grabbed the wippet off of me. I span round ready to deck the twot, but stopped just in time..... it was don the floor manager!!!!

BWAHAHAHAHA!!!!

he was bloody fuming!! all hell was still breaking lose, so i grabbed the wippet back off of him and carried on, hoping hed realise his mistake and leave me alone.

he didnt. guess hiss missus must have been giving him a hard time last night and decided to take his frustration back out on me.

anyway, while the ****** tries to explain that such language has no place on the floor (WTF!!??) i had to pay a fine......

i actually tried to appeal given the circumstances and HIS mistake, but the ******s were having none of it. one reason why liffe had a bad run after they lost the bund - lack of understanding towards their customers (ie the traders)
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Old Sep 26, 2005, 7:26pm   #37
Joined Jun 2005
Quote:
Originally Posted by Pitscum
so this runner is just about nudging 16 but obviously couldnt get a suit to fit him but that didnt matter, he wouldnt stand out too much....on his second or third day, the lads collecting cards from the guys on the edge of the bund pit when wham, next thing he knows hes been lifted off his feet and dumped into the middle of the pit with a circle of traders chucking cards at him...he makes a run for it only to be grabbed by one 'senior' local who bends down and says

...''oi son d'you know what noise this is?''
-at which point he starts slapping his cheek..

little runner replies.....''no?'' (surpriise surprise)

trader says...''i'lll tell you, its my c++k slapping against your a++rse cheeks''

exit runner left, screaming and crying, pit dying of laughter..

trouble was they'd picked the wrong runner; he'd got down there with a firm only because his daddy was pals with a big wig from the l+++e board.

so, guess what story then appears in the evening standard later that week...and we're talking front page stuff...oh yes..........and guess what, horrendous fines followed soon afterwards to all those nasty nasty bully locals involved...

lol - i remember one guy grabbing a runner, pushing him up against the observers post and feigning anal intercourse with him - much to his displeasure (the runners that is!!!)

even the pit official was in fits - mind you, that runner was a real jerk.
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Old Sep 29, 2005, 11:27am   #38
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anyone remember 'le chat noir???''
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Old Sep 29, 2005, 11:47am   #39
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http://www.elitetrader.com/vb/showth...threadid=56274
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Old Sep 29, 2005, 12:22pm   #40
Joined Apr 2004
Am really enjoying this thread, thanks, sounds like you guys had some good times in the pits, i would have loved to have traded in them, electronic trading doesn't seem to have quite the same atmosphere as what you got to work in, keep the stories coming.
Mind you, not so sure about those "feigning anal intercourse" stories on the runners, thats a bit much isn't it? If someone tried doing that to me the only arm waving and shouting they'd ever do again is moments before i pushed them into oncoming traffic.
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Old Sep 29, 2005, 3:48pm   #41
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barney blowjob

well, who remembers barney? barney deserves a page on his own. he wasnt the worlds best looking fella but his mum loved him at the very least. his passion in life was...swinging..oh yes barney put the s in swinging.

thing was, fair game to the bloke, he used to come into work on a monday with all the pictures of that weekends little soiree. some of them were a bit hard to look at first thing on a monday morning but you know, we got by.

barney was married once, to a woman who loved his pastimes. trouble is they took the wife swap thing to its extreme, swapping wives with his next door neighbour, permanently!!

not sure where he ended up..last i heard he was on the ipe paper filling so now thats gone, he probably has a lot of spare time on his hands so um, lock ur wives up!!!
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Old Oct 1, 2005, 5:45pm   #42
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i think ive discovered a new tuna on here....fantastic....great to know characters exist even in the cyber world
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Old Oct 1, 2005, 11:06pm   #43
 
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Quote:
Originally Posted by tsuntzu
This one sprung to mind after a chat down the pub friday. Several guys from the floor were enjoying a particularly boisterous meal at Langan's Brasserie. As usual for floor traders the more the wine flowed, the louder and more obscene the conversation. This started to upset the other diners, and one lady in particular who saw fit to make a very obvious complaint to the head waiter. As expected he came to the table and explained to the guys that they should lower the volume and behave themselves. This upset the guys, especially as they felt the size of the bill gave them the right to do what they wanted. One particular broker took great offence at being told what do and took it upon himself to deal with the issue in his own special way. An apology was given begrudgingly and the request was made for a plain salad. The waiter returned with the salad and departed. The broker took the plate from the table and rested it on his lap, where up he proceeded undue his flies. He then removed his c**k, placed it on the plate and dressed the salad about it. Standing up he made a beeline straight to the table with the complaining women, smiled and asked her if by way of an apology she wanted to try the sausage salad.
Again Second hand story so may be artistic licence here, but heard the same thing from several people. I certainly wouldn't put it past the particular individual.
Now would it not have been even funnier had the lady been able to respond quickly and plunged her fork into the salad with as much force as she could muster ?

Best stategy in dealing with bully is to respond, unexpectedly and fast, they never come back for more.

Caught on his own he is probably an awful coward, but in a group this sort of creature allows himself to balloon in his bad behaviour and blossom as a bully.

Alcohol cannot be offered as an excuse, nor the size of the bill. There cannot be any excuse for this kind of behaviour, ever.
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Old Oct 2, 2005, 10:56am   #44
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agree with sentiments above. but physicsl violence shuld never be used. far better would have been a monstrous put down realting to traders massively short position.
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Old Oct 2, 2005, 11:32am   #45
Joined Jun 2005
did anyone see a documentary a few years back ('99??) called city people - featuring bomber (aka biggest ****** on the floor), donkey and co????
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