Stock trading, financial hubs continue to evolve
In the late 1700s, brokers gathered near a buttonwood tree in New York to trade stocks. By 1817, traders had moved indoors, and in 1903, they settled the New York Stock Exchange at Wall and Broad streets, where it still stands. Electronic markets have emerged, resulting in much trading in cyberspace. The evolution of stock trading raises questions about whether New York continues to make sense as a financial center. Duncan Niederauer, head of NYSE Euronext, said that depends a lot on lawmakers in Washington, D.C.
Wall Street Journal, The | 10/30
This story published in SIFMA SmartBrief on 11/02/2009
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