In one chat room, a trader described himself and his fellow participants as "the three musketeers" and said "we all die together".
But with CNBC playing nonstop in our dorm rooms and traders chatting via the Internet on our computer screens from dawn till dusk, it's difficult for those of us who were only in our single digits during the last market tank to appreciate any talk of efficient markets.
The alleged manipulation of FX prices during the one-minute 4pm fix period was done in dealer chat rooms, where traders openly make bids and offers and disclose deals.
That sounds true of any bubble where some boiler-room stock trader feels pumped up by the Facebook IPO enough to slap down some seed funds on a startup.
Those who rent space pay about $190 a month for a 10-foot-by-10-foot 10-foot-by-10-foot 10-foot-by-10-foot 10-foot-by-10-foot 10-foot-by-10-foot
One risk professional to another: "If this were a room full of traders, they would have drunk half the bar by now and they'd be on their way to a strip club".
The reviews found that some journalists were given access to an anonymous chat room for commodities traders, and, in other cases, were made privy to discussions about how much revenue the company was earning from specific clients.
And it can invest in technology by installing the latest in computers, making the pits more efficient and creating room for more traders by eliminating many of the clerks and runners who now clog the floor.These choices are not mutually exclusive.
In addition, many Indians and Malays withdrew from Makassar after 1669, thereby leaving room for Chinese traders [3].
Industry officials deny that the profit motive is exerting pressure on the control rooms, saying electricity traders are segregated from the operators who schedule and initiate transmissions.
