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The Only Female Trader at the New York Stock Exchange

New York Stock Exchange only female
2 minute read

The New York Stock Exchange has changed over the years. In the past, the trading floor was where the action took place. The classic image of an exchange is a mass of traders moving around excitedly shouting and signaling prices/quantities via hand gestures. This image has been less and less accurate since the 1980s, with the number of these traders on the floor starting to decline. Instead, electronic trading began to dominate the industry, with people moving to trading away from the floor.

Nowadays traders on the floor are quite sparse, with the industry favoring the use of electronic trading.

Since 2017, the floor of the New York Stock Exchange has a new addition, and her name is Lauren Simmons. She is the only female trader currently on the floor of the Exchange. In a place that has been populated by competitive men, she stands out. Another exception to seeing only men on the floor was during World War 2, where the floor was dominated by women.

Lauren took genetics and statistics in her undergraduate studies at Kennesaw State in Georgia. After this, her interest in stats caused her to go on interviews and poke around the edges of the industry. This led to her meeting Gordon Charlop, the C.O.O. of Rosenblatt Securities. He introduced her to his C.E.O. and founder, Richard Rosenblatt, and she ended up getting hired for the firm.

Lauren was given a month to pass her Series 19 exam to earn her badge and begin trading on the floor. To the delight of Lauren and Rosenblatt Securities, she aced her tests and became the youngest female trader to hit the floor of the NYSE.

After spending a year and a half working there, she was asked about her future on the floor. She expressed an interest in spending another two years in the high pressure environment before considering the next step in her career. We wish her the best in her endeavors!

Perhaps she will end up following in the footsteps of Stacey Cunningham, the first female president of the New York Stock Exchange, who has been in the role since May 2018.

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