The sound of silence…The end of an Era…

The sound of silence…The end of an Era…

Wall_Street_sounds_off_as-84a03a910c52b8973d1030c53f4a4b3632 years ago, Scott Wolf, CEO of Grace Century started his financial career on the trading floor of the Chicago Mercantil Exchange. Today, those pits go quiet for good, as Electronic trading is replacing most of the opened venues. In reflection, Wolf comments “The floor was the epitome of capitalism. Buyers and Sellers competed in open outcry for the best prices and was the embodiment of price discovery. It was a privilege to be involved and an experience to say the least. One might say:¬†baptism by fire!”¬†Scott Wolf started with Merrill lynch as a “runner” during his summers in college and later went on to do arbitrage for 8 banks in the D-Marks, Gold pits, and ultimately became an S&P floor trader for his own account as well as an order filler for customers.

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