Exchange trading: Are floor traders drowning not waving?

NYSE will keep the floor alive having introduced electronic trading; critics say floor traders will soon be swamped.

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.

Thanks for your interest in Euromoney!
To unlock this article: