On Monday November 6, 2006 I led a group of Stillman School of Business students on a visit to the New York Board of Trade (NYBOT). While at the exchange, the students participated in a simulated commodity futures trading session. That's me wearing my old Merrill Lynch (MER) bluish/green trading floor jacket given to me by my MER floor broker friends from the Chicago Board Options Exchange (CBOE)
The event was part of the "NYBOT Ringside Goes Schoolside" program where universities in the tri-state area are invited to the exchange. The NYBOT was founded in 1870 and was known as the New York Cotton Exchange (NYCE). It provides the world's premiere futures and options markets for several internationally traded agricultural commodities including cocoa, coffee, cotton, frozen concentrated orange juice (FCOJ) and sugar.
Remember FCOJ from the Eddie Murphy / Dan Aykroyd movie Trading Places? That movie was filmed at the exchange's old site in the World Trade Center.
At the time of this Blog entry, Scott Rothbort, his family and or clients of LakeView Asset Management, LLC were long shares and/or call options of Merrill Lynch (MER).