Banking & finance

Durlacher, Nicholas (11 of 18) National Life Stories: City Lives

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  • Type

    sound

  • Duration

    00:30:45

  • Shelf mark

    C409/127

  • Subjects

    Jobbing; Futures exchange

  • Recording date

    1995-03-01, 1995-04-01, 1995-23-11

  • Is part of (Collection)

    City Lives

  • Recording locations

    interviewee's office, London

  • Interviewees

    Durlacher, Nicholas, 1946-, (speaker, male)

  • Interviewers

    Courtney, Cathy, 1954- (speaker, female)

  • Abstract

    Part 11 (tape 6 side A): Continues to talk about employees - mostly women in data preparation department - their prospects of becoming members of Stock Exchange and eventually business partners. Compares with LIFFE where there were men and women from day one. More about making changes in office routine - about early experience as a Blue Button - names people who impressed him at that time - about 'high-jinks'on floor of Exchange - like schoolboys. Amount of alcohol drunk during working hours - effect on work - mentions popular drinking club - how big deals were settled there or in pubs - compares with present day dealings. Continues to talk about progress through blue button stage - became dealer in 1969 - no exam then but banal committee interview. About jargon he learned as junior dealer. Gives impressions of some people he had dealings with - code of honesty. Salary as a partner in 1971 was £10,000 per annum. About recruitment for dealing on floor (LIFFE) - young market - yellow jackets - stresses and strains suit men more than women - 'afterlife' of traders.

  • Description

    Interview with Nicholas Durlacher CBE, member of the Stock Exchange (1970–86), Partner at Wedd Durlacher (1972-86) and Chairman of Elexon Ltd (2000–10).

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