typing is not activism….

environ mentalism, fresh articles, interviews & checkitouts from Sydney.

Stockbrokers don’t use the window anymore…

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Not in Brazil, anyway. Reuter reports that a proactive trader brought activity to a halt last night, by dealing with his blues the old-fashioned way.

SAO PAULO, Nov 17 (Reuters) – A Brazilian trader shot himself on Monday in the open outcry pit of Sao Paulo’s commodities and futures exchange in an apparent suicide attempt, the exchange said.

Paulo Sergio Silva, 36, a trader for the brokerage arm of Brazilian banking giant Itau (ITAU4.SA: Quote, Profile, Research, Stock Buzz)(ITU.N: Quote, Profile, Research, Stock Buzz), shot himself in the chest during the afternoon trading session, the exchange said, and hospital staff said he was in critical condition.

Silva was given first aid on the scene before being transported to the hospital, BM&F Bovespa SA (BVMF3.SA: Quote, Profile, Research, Stock Buzz), which operates the exchange, said in a statement without providing further details.

Traders said the incident happened in the interest rate futures pit, a raucous circle where on average $21 billion worth of contracts exchange hands every day.

Reuters forgot to mention that the company motto at Itau trading house actually is ‘buy high, sell low, shoot yourself in the chest’.

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Written by typingisnotactivism

November 18, 2008 at 11:03 am

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