Mostly… fixed income and cross product eTrading

May 3, 2007

NYSE trading floor to stay!

Filed under: etrading — holky @ 9:48 am

Famous last words? efn saysJohn Thain, the chief executive of NYSE Euronext, has pledged not to reduce the New York exchange’s trading floor despite an expected shift of orders to screens as regulations take effect in July.  Thain told a conference yesterday: “Are we big enough to afford to maintain the cost of the floor in an environment that’s becoming increasingly electronic? The answer is yes. But we’ll see how the market evolves.” …. ah, a disclaimer at the end then.


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