Speed Killed The Floor Trader

摘要

When the New York Stock Exchange celebrated its Euronext merger at the closing bell on April 4, the trading floor erupted in boos and jeers from many traders who see the merger as yet another threat to their livelihoods. With the spread of electronic trading — it now makes up 60 percent to 70 percent of the daily volume on the NYSE — the manic floor traders look to be headed the way of the exchange's in-house barber (long gone). In the past year, the number of traders on the NYSE has dropped by a quarter.