Comments on: Teenagers on Commodities Exchange Floor? http://commoditytradingquestions.org/commodity-trading/teenagers-on-commodities-exchange-floor Answers to all of your questions about commodity trading. Tue, 07 Feb 2012 10:26:44 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: squadfix http://commoditytradingquestions.org/commodity-trading/teenagers-on-commodities-exchange-floor/comment-page-1#comment-1496 squadfix Sat, 28 Nov 2009 23:36:16 +0000 http://commoditytradingquestions.org/commodity-trading/teenagers-on-commodities-exchange-floor#comment-1496 they are probably just options clerks or runners. they can do anything from helping facilitate orders b/w traders on teh floor and the seats, to getting a sandwich for the tradres. in the Merc, tht would most likely be from the Rivers to go located in the 1st floor lobby, which has killer burgers and french dips. i have seen orders for 30 burgers at a time picked up by runners for traders. they are probably just options clerks or runners. they can do anything from helping facilitate orders b/w traders on teh floor and the seats, to getting a sandwich for the tradres. in the Merc, tht would most likely be from the Rivers to go located in the 1st floor lobby, which has killer burgers and french dips. i have seen orders for 30 burgers at a time picked up by runners for traders.

]]> By: Oh Boy! http://commoditytradingquestions.org/commodity-trading/teenagers-on-commodities-exchange-floor/comment-page-1#comment-1495 Oh Boy! Sat, 28 Nov 2009 21:02:03 +0000 http://commoditytradingquestions.org/commodity-trading/teenagers-on-commodities-exchange-floor#comment-1495 I can't speak for all exchanges but the Chicago Mercantile Exchange allows 18 year olds to work on the floor as an employee of a member or member firm. You have to be 21 to be a member. Someone 18 to 21 is likely to be an order clerk or a runner. The jacket colors are essentially meaningless. Ususally they represent your employer or your employers clearing firm but not necessarily. Finally, the trading floors are dying as electronic trading takes over. The vast majority of futures contracts are now traded electronically and soon the physical floor will cease to exsist. It's not a place to be starting a career. I can’t speak for all exchanges but the Chicago Mercantile Exchange allows 18 year olds to work on the floor as an employee of a member or member firm. You have to be 21 to be a member.

Someone 18 to 21 is likely to be an order clerk or a runner.

The jacket colors are essentially meaningless. Ususally they represent your employer or your employers clearing firm but not necessarily.

Finally, the trading floors are dying as electronic trading takes over. The vast majority of futures contracts are now traded electronically and soon the physical floor will cease to exsist. It’s not a place to be starting a career.

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