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Floor traders must number their their trading cards so the
trades can easily be checked against time and sales--in the
S&Ps, the siren rings every 15 minutes and the periods are
denoted by letters of the alphabet. The trader then has
another period before the card is 'late' and then he may be
fined.
Tim Morge
Alan C. wrote:
>
> I believe It is like a clock chime.
> It signals every 15 minutes.
>
> Alan C.
> ---Jay Becker <jaymbt@xxxxxxxxxxxxx> wrote:
> >
> > Anyone know what that siren noise is that occasionally goes off in the
> > S&P 500 pit? I can hear it in the squawk box, but not sure what it
> is.
> >
> > Jay Becker
> >
> >
>
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