Once upon a time, trading floors had a brash charm. On days like sterling’s exit from the European Exchange Rate Mechanism there was no better place to watch the drama of markets unfolding. No more. The latter-day trading floor is more sepulchral than theatrical. Within these (quiet please) cathedrals to Mammon, traders in smaller and smaller silos buy and sell ever more niche products silently, over electronic networks. They scarcely pass the time of day with their colleagues on other desks, let alone hoot ’n’ holler at them.
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