V.8:11 (438-440): Trading As Teamwork by Franz-J. Buskamp
Product Description
Trading As Teamwork by Franz-J. Buskamp
If you were to ask Chicago trader Joseph Ritchie whether he sees himself as an individual trader or a team member, his reaction would probably be a tired smile. After all, he is a member of one of the most successful options and futures trading team, Chicago Research and Trading Ltd. In 1977 Joe Ritchie developed a simple, albeit promising arbitrage program.
The dollars necessary to put the system into practice were provided by three friends of Ritchie, with whom he founded CRT. From a starting capital of $100,000, CRT has to date realized $300 million in profits, easily placing the firm in a lead position worldwide amid independent firms trading for their own account.
What started out as a somewhat laidback operation in a cubbyhole of an office, equipped with only a pocket calculator, can today regard itself as a high-tech flagship for the U.S. financial sector.
A typical success story? Certainly! But it's also an example of what teamwork can bring.
If you were to ask Chicago trader Joseph Ritchie whether he sees himself as an individual trader or a team member, his reaction would probably be a tired smile. After all, he is a member of one of the most successful options and futures trading team, Chicago Research and Trading Ltd. In 1977 Joe Ritchie developed a simple, albeit promising arbitrage program.
The dollars necessary to put the system into practice were provided by three friends of Ritchie, with whom he founded CRT. From a starting capital of $100,000, CRT has to date realized $300 million in profits, easily placing the firm in a lead position worldwide amid independent firms trading for their own account.
What started out as a somewhat laidback operation in a cubbyhole of an office, equipped with only a pocket calculator, can today regard itself as a high-tech flagship for the U.S. financial sector.
A typical success story? Certainly! But it's also an example of what teamwork can bring.
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