Were there any real-time charts b4 the internet?

[JTrader]

Were the any real-time charts b4 the internet was invented?

if so, how?

if not, how did people intraday trade?




JTrader wants to know. I said i will ask. And then I WILL be back to him with the answers!

 

[BSD]

Traders had real time quotron machines then, not sure if that was only price or also charts though.

You can tell your master that.

 

[tommac]

WE didn`t use charts as such . We had an analyst /team gave us their opinions in the morning and we had to get on with it. Just one Reuters news terminal. Rest of the day we were pretty much on our own but with squak boxes and broker shouts we could hear pretty much what the market movers were up to. Very very different from now. Fingers hurt just thinking of telex machine.

 

[porph]

In my grandfather's day he had to rely on them being updated and written on a board by hand.

 

[BSD]

Hehe.

That's how Jesse Livermore started out as a kid.

Good education, apparently.

 

[tommac]

Cheeky sod--I was a board boy

 

[BSD]

 

[JTrader]

Traders had real time quotron machines then, not sure if that was only price or also charts though.

You can tell your master that.

Thankyou BSD you seem very helpful. No wonder you have so many stars and dots after your name.

But where did the quotron data come from if it wasnt sent on the internet?

was it sent through the telephone wire b4 the internet was?
like fax machine data?

The dinosaur technology fascinates me. Old Skool trading!

I'll BE back (for the answer)

 

[tommac]

Traders had real time quotron machines then, not sure if that was only price or also charts though

No charts --just a price update from the majors.
In those days it was Chase, Dresdner , Deutche, B of A ,BNP and can`t remember the others.
Prehistoric by todays standards but fun if not a bit hairy. Switchboard technology ie flashing light boards and switches for direct lines. God I sound a right old croany!!

 

[porph]

What I want to know is that did traders do to entertain themselves between trades before the arrival of the biggest waste of time ever that is the world wide web..

 

[UKtradergirl]

teletext... i used to play games on teletext and thought it was well cool

and before teletext, listen to the radio i imagine.

and before that, they would go count up their assets since they couldn't just log on to check their account.!

 

[BSD]

Hehe Tom you have been around

Were you a floor trader ?

J, better ask Tom.

Think he answered tho, direct line.

 

[JTrader]

Ah well if it worked for Gordon Gecko, it cant have been too bad. There is a lot to be said for the humble telephone.

 

[tommac]

BSD--if you were referring to me then to answer-I was a forex trader for a bank well before becoming a interbank broker. Long before internet.
And to Porph-believe me there was not a second of boredom . Very busy outfit and not enough time to think properly usually.

 

[BSD]

Hi Tom, yes meant you.

Thanks for the answer mate.

This board honestly has one of the highest ratios of professionals of any out there.

 

[tommac]

I could very well be one of the oldest on this board--thats sick.. (50)

 

[BSD]

Hehe.

I think Splitlink holds the title of honorary age president tho.

I can say as he said so himself:

76

Thinks its absolutely great that he is on here and contributing and fresh and positive and all, great guy that.

 

[tommac]

Can`t beat experience--don`t know what my problem is.

 

[BSD]

 

[Lightning McQueen]

a bit of historicals, cos I like it lol

1870 - 1900

1914 - 1922

1930 - late 1950's

Splitlink is the dodgy looking character on the left lol

MySpace Video Vintage Ticker Tape Machines by Wacky Packages

A great era for historical study imo, I wonder whether you can get a replica of these to attach to a pc

1960s Wall Street
YouTube - 1960s Wall Street commercial

Haven't found any realtime charting yet, may have started with prestel or something similar late 70's, I would guess but am not really into researching that kind of thing as I have no purpose to do it presently.