Day One Trader: A Liffe Story
"The catastrophic events of 2008 prove that the financial world hasnot learnt the lessons of my own tragic tale. But anyone who thinksthat the world of derivatives is just about greedy bankers who putour pensions and savings at risk is wrong. Day One Trader is thegripping chronicle ofthe unknown working heroes of the Liffe floorwho shattered a glass ceiling of elitism in the City of London andhelped build one of the few financial institutions that we can beproud of."
"As I walked into the members entrance of the exchange for thefirst time on September 30 1982 I felt a buzz of excitement. I hadrealised my ambition of being a "day-one trader". Inside, thefluorescent lit exchange floor bustled with about three hundredtraders in orange, red and blue jackets. A brief opening ceremonywas overseen by Gordon Richardson, the governor of the Bank ofEngland, before he cut a white ribbon hanging above a pulpitoverlooking the floor. I felt at fever pitch as we counted down thestart of trading. "Ten, nine, eight, seven, six, five, four, three,two, one!" The bell rang and I watched a scrum of dealers scrambleto trade Liffe's first ever contracts in a heap of freneticenergy."
Day One Trader is the exclusive story of John Sussex onhis journey from son of a Basildon factory worker, leaving schoolat 16, to successful City financier and member of the Liffeboard.
Providing a unique insight to this competitive and often brutalindustry, readers will discover the tactics used by dealers tosurvive the jungle of the pits in a story that chronicles the floorbanter and characters that made Liffe a global derivativespowerhouse.
Packed full of exclusive – until now unreported –stories, Day One Trader sheds new light on what motivatedcharacters such as Nick Leeson, and provides insight to Liffefloors star traders.
Financial experts and novices alike will be gripped bySussex’s account of the highs and lows of a career thatspanned almost three decades in the history of the financialmarkets.
"John Sussex lived by the mantra of My Word is My Bond. Thismakes Day One Trader a must read for all traders. Every page bringsback a lifetime of trading memories of days that will never be thesame."
"Day One Trader describes a journey through a world that cameand went in too short a time. The Liffe floor challenged the statusquo in the City of London in the early eighties and was itselfkilled off by technology in the late nineties. John Sussex was oneof the great characters of that world and a man of the utmostintegrity."