Battle of "number three" US cities: Chicago, SF, DC, Houston or Boston? (crime, populations)
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It isn't classified as anything. There is no global business ranking.
And Chicago is a fraction of LA's size. It just can't compare.
Chicago can maybe compete with SF and DC, but comparing it to LA is like comparing it to Detroit. Just ridiculous.
Chicago ranked as number one trading city (http://www.chicagolandchamber.org/news/newsarchive/Pages/Chicagorankedasnumberonetradingcity.aspx - broken link)
It would take years and billions to replace Chicago's exchanges.
Exchanges? There's one exchange in Chicago. One.
And it could disappear tomorrow, without any impact.
Quote:
Originally Posted by sittingduck41
Chicago is the most important city in the world for trading.
It is??
It has one market. And it's been killed in recent months. And other cities do the same thing, except they do many other things, too.
Chicago isn't even top 10. There are two important trading cities, and no, they aren't Chicago and Milwaukee. It's NYC and London.
Quote:
Originally Posted by sittingduck41
Everyone thinks New York because of stocks, but stocks mean **** compared to treasuries, currencies, and maybe even commodities. You don't know what you're talking about, no offense.
Umm, no, YOU don't know what you're talking about.
"Everyone thinks New York", because it's the financial capital of the planet, with London being a close second.
Chicago isn't even in the picture. It's small potatos, if even that.
Oh, and currency trading, in Chicago??
Treasuries??
Hahahahahahahahaha!!!!!!!!!! You REALLY don't know what you're talking about.
Next you'll tell us Green Bay is the financial capital of the universe!
Chicago ranked as number one trading city (http://www.chicagolandchamber.org/news/newsarchive/Pages/Chicagorankedasnumberonetradingcity.aspx - broken link)
"Chicago boasts more than twice as much trading volume as New York and more trading volume than all European exchanges combined."
If the trading in Chicago doesn't have some effect on you, you are not on this planet.
Nice posting from the Chicago Chamber of Commerce. Sounds like an unbiased source to me!
Too bad you didn't read the links! They destroy your own argument!
You don't even understand what trading volume is. If you did, you would understand that it makes as much sense as a proxy for financial prowess as saying Lorton, VA has the most bytes of memory, and therefore is the tech capital of the world.
And the article is wrong anyways. The highest trading volume nowadays, adjusted for currency, is in China. It's a useless metric, but since you like useless metrics...
And it could disappear tomorrow, without any impact.
It is??
It has one market. And it's been killed in recent months. And other cities do the same thing, except they do many other things, too.
Chicago isn't even top 10. There are two important trading cities, and no, they aren't Chicago and Milwaukee. It's NYC and London.
Umm, no, YOU don't know what you're talking about.
"Everyone thinks New York", because it's the financial capital of the planet, with London being a close second.
Chicago isn't even in the picture. It's small potatos, if even that.
Oh, and currency trading, in Chicago??
Treasuries??
Hahahahahahahahaha!!!!!!!!!! You REALLY don't know what you're talking about.
Next you'll tell us Green Bay is the financial capital of the universe!
I hope you're kidding. First off, the CME Group is combined with the CBOT. There is the CBOE and the Chicago Stock exchange as well. Also the Mid-AM. So there is not one exchange.
I may be misunderstanding you. Are you saying they don't trade treasuries and currencies in Chicago? If so, that is just downright wrong. I've worked in the treasury pit at the Chicago Board of Trade. It was the biggest pit in the ENTIRE WORLD. And currencies? You have pits for the Euro, Yen, Candian Dollar, Swiss Franc, and more at the CME.
Nice posting from the Chicago Chamber of Commerce. Sounds like an unbiased source to me!
Too bad you didn't read the links! They destroy your own argument!
You don't even understand what trading volume is. If you did, you would understand that it makes as much sense as a proxy for financial prowess as saying Lorton, VA has the most bytes of memory, and therefore is the tech capital of the world.
And the article is wrong anyways. The highest trading volume nowadays, adjusted for currency, is in China. It's a useless metric, but since you like useless metrics...
Ah, the jealousy of the fly-over middle...
I have a good understanding of trading volume as I've been trading for 7 years. And the article was from a magazine called Trader Monthly. The link I posted was just stating that the magazine ranked Chicago as #1 2 years in a row.
All would probably agree that New York and LA are number one and two US cities but who is number three? Is it DC for its political imapct on the planet, Chicago or Houston for their business might, SF for culture or Boston for education?
Please vote and then support your opinion with comments and verifiable data.
Thanks,
Here is the list of U.S. cities in order of importance:
1. New York
2. Los Angeles
3. Chicago
4. Washington, D.C.
5. Atlanta
6. Dallas
7. Miami
8, 9, 10, etc...Battle between: San Francisco, Houston, Philadelphia, Boston...
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