Specialists Wary of NYSE Hybrid
TRADING TECHNOLOGY
In theory, New York Stock Exchange (NYSE) CEO John Thain's proposed "hybrid" trading system—a marriage of electronic trading and the traditional open outcry auction—sounds good on paper.
Some top specialist firms, however, are expressing deep reservations about the threat that electronic trading poses to their very livelihood. And they are making themselves heard.
Further, Thain's myriad of proposed hybrid benefits—such as automatically matching best bids or offers when they're published by
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