After sailing against the winds of change while other exchanges were busy adopting electronic trading, the New York Stock Exchange has opened the door to the digital age. Last month, the exchange implemented the third stage of its hybrid system, which combines electronic and floor trading.
As most of the liquid stocks are now being traded electronically, analysts say this might be the beginning of the end for NYSE’s iconic trading floor. Of course, these predictions are not new.
“Most of us have been predicting the demise of floor trading,” says Sang...
