- Feb
- 24
- 2006
- 7:41 AM
"From Dinosaur to Dynamo?": BusinessWeek on the Big Board
- By: Ray Pellecchia
- File Under: NYSE
Big article and two sidebars about the Big Board, including discussion of the Hybrid Market, in the new BusinessWeek (subscription only).
Excerpt: "But Thain echoes a timeless refrain: that the floor folks give the NYSE a big edge over fully automated exchanges. By standing ready to buy volatile stocks, they can stop erratic plunges and keep markets moving when sellers can't find buyers. They will also keep markets lively in less-traded stocks, which Thain expects will be their forte."
My takeaway from the package of articles, to borrow from another timeless refrain: Thain has the place firing on all cylinders, like the chrome heart of capitalism, shining in the sun. Long may you run. (Apologies to Neil Young.)
Comment on this entry
Forward this entry to a friend