For decades those guys ruled trading in the canyons of lower Manhattan. It wasn't about killing it, it was about staying alive and taking care of each other. It was guys who had their seats financed by friends who would "owe" them until the end of time. It was family ties. It was specialist firms tied together to just keep the gravy train intact. Today it is all gone.
Here is a beautiful picture of the NYSE at work today.
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