• Oct
  • 08
  • 2009
  • 3:49 PM

Rebirth of a Trading Floor

By: Ray Pellecchia
File Under: NYSE



Above is CNBC's report from earlier today on the remaking of the NYSE trading floor. I'm kinda stoked to see the project now actually underway, and can't wait to see it completed. Here's a rendering of the new look from Perkins Eastman, our architects:

But more than a new look, it's designed to enhance the way business is done on the trading floor and in the NYSE market as a whole.

Sang Lee, managing partner at Aite Group, put it this way in an article on the same subject in this week's Securities Industry News: "Having a unified trading environment that can adequately bridge the world of electronic and high touch would align the NYSE with what has become a reality in the trading market."

Another piece, in today's Wall Street Journal, says in part: "The technology upgrades aim to make it easier to electronically trade stocks, futures and options at multiple exchanges from the floor. That would give traders from member firms the tools they would have at an off-site facility, or "upstairs" in Big Board parlance, with the benefit of access to the buzz of the main trading floor."

Coupled with the news in Colin's post earlier today about how our designated market makers, floor brokers and supplemental liquidity providers are adding more liquidity these days, we've got a good trend building at NYSE, and we're looking to continue honing our competitive edge and being the most compelling destination for your business.

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