Trading floor computers/typers...

T

Theo

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Hey guys,

Very much an easy question, but I notice on trading floor footage of the NYSE, etc you can see brokers typing on these little keypads, but they are more square than regular computer ones...Seem to have less buttons. And the buttons are color coded, some green.

Can anyone explain this to me a tad better? I assume it makes it easier for them to type numbers quicker, etc...But more info would be great.

Thanks.
 
They transmit trade data from the pit, upstairs to the rest of their team. Sometimes, you'll see trading clerks who get the trades from upstairs send those trades to the traders in the pits. The trader fills the orders and sends it back to the clerk, who processes info and sends it upstairs.
 
Green = buy
Red= sell

blue are necessary for the blue sky law

any questions?
 
Kind of like Bananas, except green means buy, yellow means nothing, and blue and red mean where the f' did you get the banana?
 
Makes a lot more sense now.

Although I have to add....I now understand the red and green keys represent sell/buy...But do these keys show certain securities the broker or trader specifically deals with? Or amounts/figures? Neither?

I appreciate the info...Thanks
 
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