Bank robbers always wear masks....................
Very few wall street folks (less than 1% - by a lot) are working on the floor. Most work for large investment firms all over the country, with certainly a lot in various places in NYC, largely in Midtown.
There are very few traders in the pits. Almost all trading electronic.
Long gone are the days when runners in color coded blazers passed orders around on the trading floor. Trades are entered on line with a few clicks of the keyboard and a mouse these day.
Wall Street firms know full well that pay and compensation is not what the firm wants to pay but what the competition is willing to pay. The firms can’t afford to lose high-level talent to their competitors.
A little off topic, however got a jury summons the other day. I’m sure ill have to wear the diaper but I wonder if not taking the jab might get me out of it.
“The floor” is for all intents and purposes done.
NYC is done too - mainly because banking and commercial real estate were some of the few haymakers keeping it from sliding into the East River.
It ain’t coming back any time soon either.
Wall Street hadn’t crossed my mind, but I’ve wondered if large law firms like Kirkland & Ellis or Latham are requiring masks and vaccination. Can only imagine the debates that are going on in places like that.
Is there still a trading floor?
Most every buy/sell order is done on computers.