Audio-Are NYSE specialists’ days numbered?

May 7, 2007

gasser.jpgRobert Gasser, chief executive of Investment Technology Group, told the Reuters Exchanges and Trading Summit that the pace of change on the floor of the New York Stock Exchange’s trading floor is picking up, leading him to question how long any kind of specialist will be needed there at all. “I just don’t know at this point in time what humans are really doing down there other than opening stocks and closing stocks,” he said.

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