We’re somewhere between Miami and Baltimore, some 60 miles out on the Atlantic Ocean. The overcrowded deck of our boat—a Volvo 60, one of the world’s most sophisticated racing sailboats—is a dark and tense world, inhabited by dangerous winches, highly tensioned lines, and six men. Our job is to move the spinnaker, the forward sail, […]
Daniel P. Koutris is on the verge of making a $1.9 million decision. He is a trader at the Chicago Board Options Exchange (CBOE), standing shoulder to shoulder with other traders crammed into the trading pits. The trade Koutris is considering started a couple of minutes ago when a floor broker for Charles Schwab appeared […]
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