Trading on a desk requires intense focus and quick reflexes, much like playing a sport. Every phone call and computer alert represents a client who wants to make a trade, and ignoring them could mean losing business to a competitor. The atmosphere is high-pressure, with the heat of multiple computers running at full capacity causing everyone to sweat. On busy days, traders are glued to their desks without a moment to spare, testing their endurance.
Communication on the trading desk is like a secret code, with phrases like “cable, a yard, mine, Geneva” translating to specific trading actions. Mistakes can lead to frustration, loud outbursts, and even equipment damage. However, the dynamics of trading have shifted in recent years due to new regulations that have limited profits and high-frequency traders taking over in stock markets. The global economy has been sluggish due to markets moving predictably and offering little excitement for investors.
Events like the Brexit vote and Donald Trump’s election have been rare exceptions to this calm period, leaving traders with few reasons to make frequent trades. As a result, revenues have decreased and returns have suffered, leading to job layoffs instead of market volatility. The trading floor once buzzed with excitement and fast-paced action but now feels quieter and more subdued as the industry adapts to these changes.
