Real World | OCT 2000
The Rucker Park Of Capitalism by Jonathan Hoenig
The Rucker Park Of Capitalism by Jonathan Hoenig A venerable part of the traders’ world is threatened, but its tricks and techniques will live on. The best players in the National Basketball Association (NBA) have all played in Manhattan’s Rucker Park, the cultural Mecca for “streetball,” as basketball is referred to there at 155th Street and 8th Avenue. It is this hallowed ground in Harlem, not the sacred turf of financial markets —Wall Street —that comes closest to describing what floor trading in Chicago has been about for more than 150 years. Three major futures and options trading floors can be found in Chicago at present, but the real trading courts are the old, time-worn North and South trading rooms at the Chicago Board of Trade (CBOT), located at the picturesque end of the LaSalle Street financial canyon. You can trace almost the entire history of modern agricultural and financial markets to these two rooms, proving that the Chicago pits are truly the equivalent of Rucker Park in terms of capitalism.
by Jonathan Hoenig
Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
has had over 1,226,237 subscribers from 174 different countries.
37,000 Page Traders’ Archive for $89.99
To continue reading, sign-up for trial access to Traders.com and the S&C Archive — 37,000 pages of trading ideas!
After verifying your email address, you will have limited access to the S&C Archive, as well as access to a Digital Edition of S&C, and access to Traders.com Advantage and Working Money for 30 days.
Not a subscriber to Technical Analysis of
STOCKS & COMMODITIES magazine?
Click
here to subscribe, or request
a trial subscription.
Log-in now to view articles from the S&C Archive.
Your Subscriber ID is located at the top of your magazine label, highlighted here in red.
Your last name can be found on the second line, highlighted here in blue.
*If you have a company name on the label, that can also be used. It will appear below your name on the label.
If you do not have a Subscriber ID on your label, you can find it on your statement or renewal form.
For help locating your Subscriber ID number, please call us at 1-800-832-4642 or send an email to Survey@Traders.com. If sending an email, please include your name and mailing address.