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A trading jacket is a brightly colored garment worn by floor traders on stock or commodity exchanges. The jackets are used to help identify traders from different firms or those involved in various types of trading activities. Each firm or trading type often has a specific color associated with its traders, making it easier to recognize individuals during the fast-paced action on the trading floor.
On the NYSE trading floor, a trader wearing a blue jacket may represent a brokerage firm, while a trader in a green jacket could indicate involvement in options trading.
• A distinctive colored jacket worn by floor traders for identification purposes.
• Helps distinguish traders from different firms or trading activities.
• Common on traditional trading floors, such as the NYSE and commodity exchanges.
The colors help identify traders from specific firms or those engaged in certain types of trades, making it easier to coordinate in a busy environment.
They are still used on traditional trading floors, though the shift to electronic trading has reduced their prevalence.
By visually distinguishing traders, jackets help streamline communication and ensure that trades are executed efficiently in a chaotic environment.
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