Leg The Spread: A Woman'S Adventures Inside The Trillion-Dollar Boys Club Of Commodities Trading
- Publish Date: 2004-10-05
- Binding: Hardcover
- Author: Cari Lynn
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In the Futures market, its all about minimizing risk and maximizing your wallet. Buying something gives you one legselling something gives you anotherand if youve got two legs to stand on, thats your spread. Anyone can make money by legging the spread, but if youre a woman, you need something else: the presence, savvy, and stomach to run with the bulls and make your way in this ultimate boys club.
Welcome to the jungle.
The Chicago Mercantile Exchange (known in the financial world as the Merc) is the busiest Futures exchange in the world: a hair-raising, high-pressure den of iniquity with enough yelling, bullying, and mayhem to rattle even the toughest of hardball commodities traders. And if youre a woman, the Merc can be the seventh circle of hell, given the sexual harassment, verbal vulgarity, and blatant condescension that comes with the turf. But that fact hasnt stopped a handful of talented and determined women from crashing the frat party of the Merc and making millions while theyre at it.
When Cari Lynn first ventured onto the floor of the Merc in early 2000, she did so because she, like so many others, was riveted by the amount of money that could be made through trading with seemingly little effort. But she quickly discovered that only a handful of females have ever made it into the trading pitsa testosterone-saturated world where the men are often monsters and theres no room for boys, let alone women. Leg the Spread is the highly entertaining account of Lynns years as a clerk at the Merc, a job that taught her not only the cutthroat rules of engagement, but just how far both men and women will go when they stand to win or lose everything in the blink of an eye.
From learning the fast-moving art of arbthe hand signals used to generate tradesto learning to shout over the roar of the pits, Leg the Spread follows Lynn as she discovers the rush of high-stakes moneymaking, and herself. Along the way, she shares the stories of the Mercs women traders, a motley crew of personalities who show her how to play the game. From Natalie, who bares her midriff and records her trades with a pink pom-pom pen, but is known to throw a punch to stand her ground, to Bev, who hustles billions of dollars in contracts every day and whose sway over the market is so great that major players like Goldman Sachs refuse to trade if shes not in the pit, Lynn provides a riveting portrait of what it takes to prove your moxie daily in the midst of this ultimate mens club.
Packed with jaw-dropping stories of bad behavior, good instincts, breathtaking greed, and heroic courage, Leg the Spread is an uproarious, adrenaline-fueled memoir that offers a completely new take on women and Wall Streetand an unprecedented entre into one of the last true financial playgrounds.