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NYSE floor population drop coming in ’08 – CEO (Audio)
As many as one in five brokers could be off the NYSE floor by year end, according to a prediction from NYSE-Euronext CEO Duncan Niederauer.
“As we roll out more technology, and we change some of the rules … I think they would need fewer people on the floor. I wouldn’t stand in the way of that, and I could see us just in the main room eventually,” Niederauer said at the Reuters Exchanges and Trading Summit in New York.