OPEC's stated aim of stabilising oil prices relies on traders believing that the Saudis really do have the capacity to pump more when prices rise.Why, then, are traders still so nervous?
Finally, some data sources relied on by traders, particularly Telerate and for a period the Dow Jones News Service, were out of action either nationally or in New York City.
The Dow Jones News Service, which is relied on by many traders, went down from 1 13 P.M. to 1 39 P.M., when Dow Jones got a back-up generator going.
But more fundamentally, industry participants say high-speed traders rely on transacting with slower, traditional traders like retail investors and mutual funds.
The exchange also relies on floor traders for handling 90% of share volume.
In 2012, Aleem Ahmed MPA 2015 began thinking about ways to connect Ethiopian farmers directly to markets rather than relying on intermediary traders, which cost them time and money.
Defenders of the exchange's two-century-old open outcry system, which relies on specialist traders to use their trading acumen and capital to help investors find the best price for a stock, say that now, more than ever, the experience and know how of the floor trader is needed to ensure price stability.
MULTILINGUAL DAY-TRADING DEVICE -- Stock traders rely on company news releases to make important investing decisions, but the traders aren't always fluent in business-speak.
"It employs a lot of local people and large numbers of traders rely on the exhibition centre to bring people from the outside into the area".
According to Adri Tasma, owner of CV Terraria, a reptile farm near Jakarta, traders rely on Indonesia's Cites authorities to set sustainable, responsible quotas.
