Researcher Argues for Preserving Floor Trading
He did not attempt to kiss her, nor did they speak. As they walked back across the grass, she looked directly at him for the first time. It was only a momentary glance, full of contempt and dislike. He wondered whether it was a dislike that came purely out of the past or whether it was inspired also by his bloated face and the water that the wind kept squeezing from his eyes. They sat down on two iron chairs, side by side but not too close together. He saw that she was about to speak. She moved her clumsy shoe a few centimetres and deliberately crushed a twig. Her feet seemed to have grown broader, he noticed.
Daniel Beunza has spent the last 13 years scrutinizing the arcane language, rites of passage and rituals of an insular tribe imperiled by advances of the modern world.
"I betrayed you," she said baldly.
His conclusion: Save the floor traders.
"I betrayed you," he said.
Notebook in hand, the London School of Economics professor shadowed New York Stock Exchange traders on and off the floor, tagging along for late-night trips to lower-Manhattan bars, fishing excursions and jaunts to a surfer-themed restaurant on Long Island owned by a former longtime NYSE trader.
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