Art Cashin, New York Stock Exchange Fixture for Decades, Dies at 83
Art Cashin, the legendary floor governor of the New York Stock Exchange, passed away on September 9, 2021, at the age of 83. His death marked the end of an era for the trading community, as Cashin’s presence on the trading floor had been a constant for decades, making him an iconic figure in the world of finance.
Cashin began his career on Wall Street in 1959, joining Thomson McKinnon. He swiftly rose through the ranks, eventually becoming the Director of Floor Operations for PaineWebber. In 1986, Cashin made the move to UBS, where he served as the Director of Floor Operations on the NYSE for over a decade.
One of the defining characteristics of Art Cashin was his signature bowtie, which became a symbol of his presence on the trading floor. His colorful personality and quick wit made him a beloved figure among traders, journalists, and colleagues alike. Cashin was known not only for his market expertise but also for his ability to provide astute analysis and commentary on economic and geopolitical events that impacted the markets.
During his time at the NYSE, Cashin witnessed and navigated through some of the most turbulent periods in market history, including the 1987 Black Monday crash, the dot-com bubble, and the financial crisis of 2008. His calm demeanor and steady hand in times of uncertainty earned him the respect and admiration of many in the financial industry.
Cashin was a ubiquitous presence on financial news networks, where he shared his insights on market trends and provided colorful commentary on the day’s events. His daily newsletter, Cashin’s Comments, became a must-read for traders and investors looking for a unique perspective on the markets.
Beyond his professional achievements, Cashin was known for his philanthropy and dedication to charitable causes. He was actively involved in various charitable organizations, supporting initiatives related to education, healthcare, and community development.
The passing of Art Cashin marked the end of an era on the NYSE trading floor. His legacy as a market veteran, respected commentator, and beloved personality will endure in the hearts and minds of those who had the privilege of knowing him. Cashin’s contributions to the world of finance and his impact on the trading community will be remembered for generations to come.