MarketsMuse Curators extend our thanks for the excerpt below, courtesy of Aug 1 feature story by Philly Inquirer Reporter, Erin Arvedlund. Follow Erin on Twitter via @erinarvedlund or email EArvedlund@phillynews.com
NYSE Floor Broker Lauren Simmons is breaking records and glass ceilings. She’s the youngest female and only the second African American woman to ever work at the NYSE in its 226-year history. On December 5, 2017, she signed her name alongside that of John D. Rockefeller in the constitution of the NYSE.
She’s what most traders aren’t — a millennial, a woman, and a minority.
At 23, Lauren Simmons is the youngest and only current full-time female trader on the floor of the New York Stock Exchange.
Simmons, a native of Marietta, Ga., graduated from Kennesaw State University with a degree in genetics and a minor in statistics, all of which helped her impress Gordon Charlop, partner at Rosenblatt Securities and a floor trader for twenty-five years. As a NYSE floor governor, he hired her to work on the floor of the New York Stock Exchange as an equity trader last year.
“He liked my stats background, and as a trader, you have to make quick decisions,” Simmons told the crowd. Rosenblatt is a specialist boutique brokerage firm that trades mostly exchange-traded funds, or ETFs, she said
While much of Wall Street trading is now automated and computerized, the NYSE is one of the last remaining trading floors with humans, she added.
“My orders from clients might move prices, and I can go to one of the market-makers in a stock in-person and ask them what the market’s looking like. Technology can’t do that.”
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