Open Outcry: Last Gasps?


The march toward electronification continues unabated. In July, Spanish exchange Bolsasy Mercados Españoles moved the last 42 stocks still being floor-traded onto an electronic system, while BM&F Bovespa in São Paulo ended 20 years of derivatives pit trading the previous month. Even the Iraq Stock Exchange held its first ever day of electronic trading back in April.

Are these the last gasps of open-outcry trading?

Even now, the public perception of a financial exchange is firmly stuck in those

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