1. Europe May Offer a Glimpse Into Future of U.S. Exchange.
- Author
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Mollenkamp, Carrick, Taylor, Edward, and Lucchetti, Aaron
- Subjects
- *
MERGERS & acquisitions , *ELECTRONIC trading of securities , *STOCK exchanges , *FLOOR traders (Finance) , *SECURITIES trading , *SECURITIES industry - Abstract
Reports that with the merger between the New York Stock Exchange (NYSE) and electronic trader Archipelago Holdings Inc., the U.S. has moved towards the system employed by Europe, where stock exchanges have replaced human traders with computers. Advanced nature of trading at European stock exchanges; Benefits of electronic trading, including increased trading volume and lower costs for investors; Implications of the merger on competition among stock markets in the U.S.
- Published
- 2005