Peter Tuchman has been on the floor of the New York Stock Exchange for almost 30 years. He’s seen it all, and if you’ve read a Wall Street-related story over that time, you’ve probably seen him.
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December 6, 2012.
AP Photo/Richard Drew
Peter Tuchman is one of the dwindling number of people, mostly men, who every day from the opening bell at 9:30 a.m. to the closing bell at 4:00 p.m., are on the phone buying and selling stocks on behalf of their clients on the floor of the New York Stock Exchange. Tuchman has been a constant on the floor since 1985 and is now one of the 1,000 employees on the floor and 700 traders still there.
On the morning of our interview, Tuchman had traded for his clients on two initial public offerings and three secondary share sales, when public companies sell more shares to raise cash. "I need to know exactly where they're opening, what the volume is, where I think there's going to be support and resistance in the aftermarket," Tuchman said while looking down at his "handheld," the iPad-looking device that brokers use to enter their trades. "That's what my guys want to know. That I can offer from looking to see who's in the crowd , looking at the order flow they have, interpreting the information."
Tuchman's distinctive hairstyle and expressive manner have made him a staple of the business pages and websites looking to illustrate their market stories.
![Tuchman's distinctive hairstyle and expressive manner have made him a staple of the business pages and websites looking to illustrate their market stories.]()
Dec. 31, 2013
Carlo Allegri / Reuters
"My hair has been an asset to me for a long time," said Tuchman, although he long ago lost the 20-inch ponytail he came to the exchange with in the 1980s.
!["My hair has been an asset to me for a long time," said Tuchman, although he long ago lost the 20-inch ponytail he came to the exchange with in the 1980s.]()
Jan. 17, 2014
The Associated Press
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