Nope, they're still a thing, but barely. CME shut down the last few futures pits several years ago, but the CBOE and CME options exchanges are still open outcry in some products.
CBOE just moved into a new pit last year in June, I traded there for a few months but I ended up moving upstairs to trade on screens at the beginning of this year.
Feeling a bit nostalgic today, so here's some fun pit footage about trading acronyms
When I picked my badge, I wanted NBD, NBC, or BRK. All are close enough to my name (firm rule), but each had a funny angle. NBD = No Big Deal, NBC like the news, or BRK for my nickname in college Brick.
Instead nearly all that they had left was NBS, so I went with it. No Bull Shit was the goal, but I get a lot of off-color names too.
Needs a Bitch Slap, No Ball Sack, Nice Ball Sack, Nibbles, etc. List goes on
Thursdays have stayed fairly consistent while Sunday has seen great volatility in terms of the troll counts.
This is evident from the graph and the mean/median/mode data: Thursday data is completely unchanged from the past 1.5 months of additional show data, while Sunday's mean is slightly lower but median has improved by 7.
Bullish on the Troll Index! Will keep this data updated every couple of months until I can automate it with some better webscraping.
I emailed this to Adam and JCD, but I wanted to share here as well. I call it: Troll Room Index
I coded up a tool that scrapes #noagenda show transcripts for the troll count, logs it, and creates a neat graph showing Thursday and Sunday historical troll counts since show 1300.
The highest troll count was 3046 on show 1428 (a Thursday, oddly enough), lowest count was 1352 on show 1506 (Thanksgiving 2022).
I'm planning on building this into a fun website to track, but TBD.
BlackRock doesn’t own the shares it holds, the customers who invest in those funds do. Buy a BlackRock ETF and watch your mail, you’ll get a letter or email about voting rights and it’s illegal for BlackRock to not provide you this notice. You can allow proxy voting, but you have to sign off on this specifically.
So BlackRock at best has a large minority ownership in some corporations, and can’t enact change Willy Nilly.
It amazes me how often I see Vanguard and BlackRock conspiracy nonsense when 99% of the data being discussed is publicly available in online.
Vanguard and BlackRock are asset managers, the owners are the account holders, aka the customers. I own some VTI, a Vanguard ETF, therefore I’m a part owner like most Americans.
I’m not defending BlackRock, but so many are quick to just say “They control the world!” with zero data or understanding of the corporate structure. It’s all online. For free.
SEC sent crypto lower today by alleging that the massive exchange Binance is guilty of commingling customer funds with their trading and investing activities.
This claim is likely true, which isn't necessarily bad if their reserves are audited and liquid/safe, so I'm not sure why this is such groundbreaking news.
Get this clown out of office, what a dumb thing to say. Regardless of your opinion on the Ukraine Russia conflict, don't talk about tax dollars spent killing people as "The best money we've ever spent."
Lindsey Graham: "The Russians are dying... it's the best money we've ever spent."
Bitcoin is currently under a practical DoS (Denial of Service) attack.
I say practical because service (transactions) is not technically being denied, it's just expensive right now. Someone is spamming transactions in the mempool, causing fees to be expensive, effectively pushing small fee transactions back in priority.
As a miner, I enjoy this as fees are jacked. As a user of bitcoin, this simply means layer 1 transactions are expensive right now and will eventually go back down to normal.