FLOORED is a emotionally charged movie, a gripping look into the trading floor that few have ever seen. It’s an inside look at how computerized trading has dramatically changed the dynamic on the trading floor – wiping out jobs and leaving the incumbents with no easy alternative.
In 1997, there were 10,000 traders on the exchange floors. Computerized trading was introduced later that year. Now only 10% of the traders remain, and there’s no way they can compete. See short videos.
The second video, The Transition, is sobering. A computer supported trader asks the pointed questions that floor traders, and those in similar kinds of jobs, need to answer.
Everyday they do their thing. They are not thinking one step ahead. They are not planning one step ahead. What is the next opportunity? Where is the business plan? Where is the technology? Few businesses that are run this way can survive.
It can take years to learn to trade on a computer. For most of the FLOORED traders, it was an impossible transformation to make. Many of those left in the pit are putting off the inevitable, stuck in a job with no future.


