Trading Places
"Sell 30 April at 142!"
In 1983, the movie Trading Places introduced commodities futures trading to the masses. Eventually, it helped change the laws of The United States.* SPOILERS AHEAD *
Trading Places
The Scene
The orange juice futures trading scene in the movie "Trading Places" is one of the film's most iconic and memorable moments. In this scene, Louis (played by Dan Aykroyd) and Billy Ray (played by Eddie Murphy) put their plan to get revenge on the Dukes into action by manipulating the orange juice futures market.The scene takes place on the floor of the commodities exchange, where traders are frantically buying and selling futures contracts for orange juice. Louis and Billy Ray, with the help of their insider information, successfully drive up the price of orange juice futures, causing a panic among the other traders. As the price continues to rise, the wealthy brothers, who had bet against Louis and Billy Ray, become increasingly anxious, realizing that they stand to lose a great deal of money.In the climactic moment of the scene, the price of orange juice futures reaches its peak and the wealthy brothers are left broke and ruined, while Louis and Billy Ray walk away as the winners. The scene is filled with tension, humor, and suspense, and is a highlight of the film's clever and entertaining exploration of the world of commodities trading.
Making Headlines
In The News
Over the years, there has been a lot of analysis of what happened with the crop report, what happened on the trading floor, and how the Dukes went down.Here are some of the most helpful stories.
Eddie Murphy Rule
Dodd-Frank Act
The Dodd-Frank Wall Street Reform and Consumer Protection Act contains provisions that address insider trading, which is the illegal practice of using non-public information to make investment decisions. The act enhances the existing legal framework for insider trading enforcement by strengthening the enforcement powers of the Securities and Exchange Commission (SEC) and the Department of Justice.One of the key provisions of the Dodd-Frank Act relating to insider trading is the expansion of the SEC's whistleblower program, which provides financial incentives for individuals to report violations of securities laws, including insider trading. The act also provides the SEC with additional tools to better detect and prosecute insider trading, including increased resources and stronger penalties for violators.Additionally, the Dodd-Frank Act requires public companies to establish and maintain internal controls to detect and prevent insider trading, and to periodically report to the SEC on their compliance with these controls. The act also requires that companies establish codes of ethics for their senior financial officers to ensure that they comply with insider trading regulations.In summary, the Dodd-Frank Act contains several provisions aimed at cracking down on insider trading and promoting greater transparency and accountability in the financial sector.
Trading Places
The Film
Hilarious comedy: The film is filled with witty and humorous moments, thanks in part to the excellent comedic chemistry between Eddie Murphy and Dan Aykroyd. From the opening scene to the final credits, "Trading Places" is a laugh-out-loud comedy that will keep you entertained throughout.Social commentary: Despite its humor, "Trading Places" also provides a sharp critique of the excesses and inequalities of the American financial system, particularly the commodities market. The film uses the story of two men who are traded places in life as a way to explore the concept of class and privilege, and the ways in which wealth and success are often determined by luck and circumstance.
Specific Explanations
Breakdowns
There’s a lot going on in this movie, and a lot of people have worked to explain what happened.
Grab Headphones
Audio
Audio stories and podcasts related to Trading Places
Coupla Bookies
What Are Commodities?
Commodities are raw materials or primary agricultural products that can be bought and sold, such as gold, oil, wheat, or coffee. They are traded in commodities markets, where their prices are determined by supply and demand factors and can fluctuate based on global economic conditions and geopolitical events.
For Sale
Merch
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Made With ❤️ by Nick Seagers