The World’s Largest Trading Floor Is For Sale

Jon Alternative Media, Blogosphere, Economy

Back in September, before the much hoped for Trump “renaissance” of Wall Street, we presented two pictures that summarized the recent transformation of the US financial sector from a trader- to an algo-centric one.
We showed the trading floor in UBS’ Stamford office, once the largest in the world and big enough to hold 23 basketball courts, and which was a symbol of everything that went right on Wall Street. Packed with traders, it was a non-stop cacophony of screaming, constant motion and furious energy – to an outsider sheer chaos, which somehow ended up generating millions in profits for the bank every day. Some time around 2008, just before the financial crisis hit, it looked like this.

Fast forward 8 years later, when all that’s left of the UBS trading floor, and the legacy of that version of Wall Street, is this:

This post was published at Zero Hedge on Dec 20, 2016.