The Rucker Park Of Capitalism by Jonathan Hoenig
ARTICLE SYNOPSIS ...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 flo...