Much-loved trader dies


He was on the trading floor for 55 years.

Robert Newburger, who began trading on the floor of the New York Stock Exchange in 1940 and didn’t stop for 55 years, has died. He was 102.

Bloomberg News reports that he died September 15, according to an online death notice. It gave no further details.

Through his 90s, Newburger remained involved on Wall Street as executive director of the Alliance of Floor Brokers, an unpaid position that kept him in the community he loved. With his wife, Ann, he celebrated his 100th birthday in May 2013 by ringing the closing bell of what is now NYSE Euronext.

When Newburger joined the stock exchange in 1940, the floor bustled with 1,366 brokers -- the maximum set by rule. He watched that number dwindle to about 430 people daily, as competing exchanges and then electronic trading cut into floor activity.

To access the complete Bloomberg News article hit the link below:

Robert Newburger, NYSE Floor Trader for 55 Years, Dies at 102

Wall Street Bond Stake Balloons in Time to Profit From Fed Rally

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts