New York Stock Exchange

Jesse Livermore / Jesse Livermore

Jesse Livermore – great trader started 20 century. One of the earliest trend traders. Among traders and investors Jesse Livermore was known by the nicknames "Young Grip" (Boy Plunger) and "Miracle baby" (Wonder Boy). He became famous for winning and losing millions of fortunes during the stock market crises. 1907 And 1929 years. Jesse Livermore was born in Massachusetts, in a family of farmers, and left home at fifteen, to later become a great trader (according to legend stagecoach, where he left, stopped near a brokerage office, defining the profession of a young man). His mother supported him, unwilling son, per year completed a three-year mathematics course, farmer's fate, father was against. At his first job in Boston, Jesse Livermore wrote quotes on the board at the brokerage office of Payne Webber.

WORK OF A NYSE SPECIALIST

WORK OF THE NYSE SPECIALIST The main functions of the Specialist On the floor of the New York Stock Exchange 1366 specialists. Most of them work for one of 7 dealer companies of NYSE members. Each of them controls the trading process in one, the share allotted to him. Which specialist will be responsible for trading in a particular stock is decided by the NYSE Board of Directors. If a specialist does a good job at his job, it can be enhanced – give a share to a more prestigious company to trade, with a large day trading volume. If the specialist does not cope with his duties, he may be downgraded or even fired. For example, if he violates the trading rules or receives a lot of complaints from clients. Be a specialist, this is quite an expensive pleasure. In order to be eligible to work as a NYSE specialist, you must first pay for “specialist chair“. The price of such a chair reached 4 million dollars.. The main task of the specialist is support “honest and orderly” market trading in your stock. First of all, this means the execution of transactions at the best price that is possible at the moment., support of the minimum Spread on quotes and prevention of too sharp jumps in the stock price. One of the key figures on the stock exchange is the NYSE specialist, it acts as an important link between the buyer and the seller, and also create a safe and fair environment for all transactions between market participants. …

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