Analysis: NYSE Hybrid to Face Obstacles
EXCHANGE TECHNOLOGIES
NEW YORK—Despite John Thain’s Aug. 2 call for an expanded Direct+ order execution platform, his enthusiasm for a "hybrid" system could be doused.
Many industry insiders consider the NYSE CEO’s battle for change will be a tough one—not just in terms of whether the proposal will be approved, but also in terms of IT deployment.
Some observers question whether the Direct+ server can actually support the proposed expansion, if specialists will use electronic trading "circuit breakers" to their own
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