Word: trader
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...Austalian policemen patrolling a lonely stretch of highway came upon a parked Mercedes sedan. Approaching the car, they saw a man slumped over in the driver's seat with a rifle slug in the head, the victim of an apparent suicide. The man, a drug trafficker, arms trader and purveyor of secrets, was Francis Nugan, chairman of Nugan Hand, the widely respected international banking house...
Along Beijing's Xiushui Street, merchants in makeshift metal stands plaintively urge shoppers to buy jade-green grapes, bright red Coca-Cola sportswear and Begonia Flower-brand silk lingerie. A balding trader, waving a fan, hawks Christian Dior-label shirts. They cost 100 yuan ($27) abroad, he confides, but his price is only 25 yuan ($6). A real bargain. The yellow license in his stall identifies him as a ge ti hu (private entrepreneur), who sells his wares on the free market...
Stock Specialists. Under close scrutiny last week was the manner in which brokers and brokerages "make a market" -- set a price -- on the big exchanges and in smaller over-the-counter markets. The N.Y.S.E. currently has one trader, or specialist, assigned to each stock on the floor. The specialist's job is to keep the market moving, if necessary by buying or selling out of his brokerage accounts. On Black Monday, specialists lost hundreds of millions of dollars while picking up stocks no one else wanted. But some specialists have been accused of staying purposely away from the money-losing...
Then trading began in New York, and the unimaginable happened: a collapse on a scale never seen before -- no, not even in 1929. Prices went down, down, down, swiftly wiping out an entire year's spectacular gains. "I just can't believe that this is happening," moaned one trader, as he took nonstop sell orders at Donaldson, Lufkin & Jenrette. At lunchtime, brokers across the U.S. went hungry or ate sandwiches at their desks while trying to keep phone receivers pressed to both ears. "This is going to make '29 look like a kiddie party," shouted a trader...
Gloating was inevitable, from the bad jokes making the rounds in San Francisco's financial district (What do you call a 28-year-old trader in suspenders? Hey, waiter!) to the hand-lettered sign in the window of Cafe Chameleon, a Manhattan nightclub: SO YOUR BROKER'S A LITTLE BROKER? Says Edward Singer, 62, a Portland, Ore., broker: "These younger money managers had become godlike in giving advice...