The Evolution of Pit Trading

Bob Greene: Your trading style must have had to evolve over time, especially as we transitioned over from pit trading to electronic trading. And that transition was not managed well by a lot of people. Obviously, you being a major exception to this, you manage that transition exceptionally well. Why do you think you were able to make that transition effectively? And today, does that coming from the pits give you edge? You know, when in March when Sopher Futures had a 100 plus basis point range, just kind of thinking about the volatility surface and that in that environment gives you a perpetual advantage.

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