Accession Number: C.2022.134.1
Dimensions: 30 in X 26.5 in
Dimensions (Metric): 76.2 cm X 67.31 cm
Credit Line: Gift of Michael J. Ferraro
Black New York Board of Trade uniform coat. "MJF | 5112" is embroidered in yellow on the upper-left breast and "Mike" is embroidered in yellow on the upper-right breast. A faded-green plastic identification tag is attached to the left lapel with "5112 | MJF" printed in black letters. A small white dot sticker with the number 9 is also on the tag. Yellow mesh ventilation fabric trims the underarm of the coat's sleeves and sides. "SLK" is printed in large yellow letters on the coat's upper back.
The New York Board of Trade (NYBOT) was founded in 1870 as a commodity futures exchange, formed from the merger of the New York Cotton Exchange and the Coffee, Sugar, and Cocoa Exchange. The NYBOT trades in futures and options on currencies, coffee, cotton, orange juice, cocoa, and sugar. The NYBOT was one of the four largest exchanges regulated by the Commodity Futures Trading Commission, an independent regulatory agency created by Congress in 1974. On 9/11, their trading floor was located on the seventh, eighth, and ninth floors of 4 World Trade Center, where they had been located since the Commodity Exchange Center became the building’s first tenant in 1977.
Michael Ferraro’s twenty-plus-year career at the New York Board of Trade (NYBOT) placed him at the World Trade Center on February 26, 1993, and September 11, 2001. Ferraro began working at the NYBOT in 1982 and purchased his “seat” on the exchange in 1993. He traded coffee, sugar, cocoa, and orange juice futures there until his retirement in 2008.
As a member of the commodity futures exchange, Ferraro was able to select the color and style of trading coat worn by himself and those who worked for him. Ferraro likely wore this coat on February 26, 1993. At the time of the bombing, Ferraro was in a booth on the 8th floor trading floor at 4 World Trade Center, where he usually spoke with his customers by phone. At his desk, he faced away from the trading floor toward an array of telephones. Seconds before the bomb exploded, his phone started to ring and light up. Upon reaching to answer the incoming call, he felt the building begin to shake. The caller was his mother.