• 08 Jan 2009 at 1:59 PM

Rumor Of The Day: Rand Financial Eats Grain Group

By Equity Private

Apparently, nearly everyone, even the group supervisor at Rand, a player in most major futures and options exchanges, was sent packing if rumors are to be believed. We thought commodities were supposed to be the one saving grace asset class. Suppose not.

Comments (9)

  1. 1
    Posted by guest | January 8, 2009 at 2:03 PM

    Most trading is done on the screen these days so if these were floor people that’s not too much of a surprise.

  2. 2
    Posted by guest | January 8, 2009 at 2:06 PM

    Too brief, didn’t queefe.

  3. 3
    Posted by guest | January 8, 2009 at 2:13 PM

    #2 Excellent! Laughed till I Q’d.

  4. 4
    Posted by guest | January 8, 2009 at 2:22 PM

    No, no – 1, you’re missing the point. Rand gets a government subsidy for NOT emplyoing grain traders.

  5. 5
    Posted by guest | January 8, 2009 at 2:37 PM

    Did they fire John Galt?

  6. 6
    Posted by mrpink | January 8, 2009 at 2:55 PM

    one guy in the financials room too.
    -mrp

  7. 7
    Posted by cy | January 8, 2009 at 3:01 PM

    CTA’s were the one “saving grace asset class” not “commodities.” Big difference.
    Correct me if i’m wrong, but isn’t Rand just a futures broker/clearer? It’s not clear who you mean by “grains group.” Were they floor guys? I’m sure if I needed to get something done in grains and I called Rand they could get it done.

  8. 8
    Posted by mrpink | January 8, 2009 at 3:08 PM

    cy-
    Floor guys, and some upstairs. I think the overnight execution desk will be shuttered too. At least that’s the rumor floating on the floor(s).
    -mrp

  9. 9
    Posted by guest | January 9, 2009 at 7:08 AM

    @1 ass

Leave a comment

You can log in with your account or comment as a guest below.

   or