NYSE Member-Firm Profits Hit The Wall, But Technology Investment Holds Steady
THIS WEEK'S LEAD STORIES
Damn right there's a downturn. But that hasn't stopped Wall Street from continuing to invest in technology and trading systems expertise. An informal TST survey shows that despite plummeting profits, New York Stock Exchange member firms continue to spend heavily on advanced decision support and order-routing systems for proprietary trading; wholesale restructurings from mainframe-based to LAN-based distributed processing architecture; and more efficient systems for market data collection and
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