In Farming circles the Chicago Board of Trade is known as
providing the bench mark pricing for many agricultural commodities. It is
somewhere I have always wanted to visit. In recent years with the advent of
electronic trading it has changed significantly. When the market opens each day
it is longer quite the noisy throng that it once was. The futures pits, which
are where the real action used to be are now very tame. Interestingly though
the options pits are still very active, this is because of spread trading,
which is very difficult to do electronically.
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| The Chicago Board of Trade |
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| Corn Options pit |
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| Corn Futures Pit |
I spent the afternoon looking at some Chicago landmarks. The Millenium park pretty
cool even in winter, I was told it is fantastic in summer. There are these two
huge monoliths with a glass brick façade on one side, they project faces of Chicago through them,
which look pretty cool. In summer they have a fountain spurting out through
their mouths.
I also found the Trump tower. Don wasn’t in otherwise I
would have dropped in for a quite one with him and quizzed him on management
systems. I found out that originally the Trump tower was going to be the
tallest building in the world, but it was scaled down after 911. (Maybe he
thought it might be too much of a target)
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| The Trump Tower |
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