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Most Classic Trading Floor Pranks - 'We always had respect for what we did as a living'
If you ever get the chance to speak to a veteran floor trader, you really should.
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That's because they're likely full of incredible stories about the good (or bad) ole days on the floor.
They'll probably tell you about the amazing sense of camaraderie on the floor and the epic pranks they used to pull on each other.
"Every joke was invented down there," a retired NYSE specialist said.
However, the humor has subsided in recent years.
"Fortunately, or unfortunately, you don't see those pranks anymore," another veteran floor trader told Business Insider.
The reason for the pranks in the past, the trader explained, is that they helped everyone on the floor "blow off steam."
"You can't be running at 100 percent all the time. You need to break the tension and that's why on the floor, every floor, they'd have some sort of prank or joke," the trader told Business Insider.
Now traders have to worry about lower trading volumes and what's going on in the eurozone.
Another reason they're fewer pranks is that the NYSE emerged as a publicly traded company, meaning there are more sensitive eyes these days. The CME Group, which owns the Chicago Board of Trade and the New York Mercantile Exchange, is also publicly traded.
"We always had respect for what we did as a living -- it was just joking around. Once we went public the world was watching," the trader said, adding, "Now it's strictly business once everyone went public. Everyone down here is holding the utmost respect."
Veteran traders both in New York and Chicago from the NYSE, CBOT, NYMEX and AMEX told us about some of the classic pranks and jokes they used to pull back in the day.
the source
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Wealthy Chinese man buys two gold Apple Watch Editions for dog
Wang Sicong, the son of mainland China's richest man, incited a virtual riot Tuesday after posting photos on Weibo of his Siberian Husky wearing not one, but two Apple Watch Editions on its front legs.
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Wang's dog looks somewhat perplexed as to the reason for his shiny ankle adornment, but bears the weight well nonetheless. The set of five shots was uploaded to the dog's personal Weibo account via an iPhone 6, which is presumably also plated with gold.
"I have new watches! I'm supposed to have four watches since I have four long legs," the caption reads, as translated by Shanghaiist. "But that seems too tuhao so I kept it down to two, which totally fits my status. Do you have one?"
Tuhao is a derogatory Chinese term that refers to people who are rich, but lack corresponding social graces. Were it around at the time, Americans might have used the word to refer to the Clampett family from the Beverly Hillbillies.
The 42-millimeter Apple Watch Edition with white sport band retails for ¥88,800 ($14,318) in mainland China, meaning the value of the pooch's new bling exceeds $28,000.
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the source
