General Discussion

RandySF

(59,484 posts) Tue May 26, 2020, 02:45 PM May 2020

Why does the New York Stock Exchange even need a trading floor.

Transactions can be completed remotely anyway.

10 replies

= new reply since forum marked as read

Highlight:

Why does the New York Stock Exchange even need a trading floor. (Original Post) RandySF May 2020 OP

I didn't understand that myself. What's the point? How many trades are actually mahatmakanejeeves May 2020 #1

I think it's easier to make the trades legally jimfields33 May 2020 #2

I wonder about that, too. Newest Reality May 2020 #3

It doesn't. dawg May 2020 #4

Marketing. EOM mwooldri May 2020 #5

Even the transactions done in person are done by computer Orrex May 2020 #6

From 2017... PoliticAverse May 2020 #7

Some jobs... Xolodno May 2020 #8

I expect it is because, Disaffected May 2020 #9

they are Locrian May 2020 #10

mahatmakanejeeves

(57,675 posts)

1. I didn't understand that myself. What's the point? How many trades are actually

Reply to RandySF (Original post)

Tue May 26, 2020, 02:46 PM

May 2020

carried out there?

jimfields33

(16,044 posts)

2. I think it's easier to make the trades legally

Reply to RandySF (Original post)

Tue May 26, 2020, 02:47 PM

May 2020

Plus, the last thing we want to for people to question what can be done from home. Colleges and schools will be first mentioned.

Newest Reality

(12,712 posts)

3. I wonder about that, too.

Reply to RandySF (Original post)

Tue May 26, 2020, 02:48 PM

May 2020

Articles I have come across in the past emphasized how computers have replaced a large part of the trading floor.

Did that change? Or is this more "Grand Reopening Extravaganza" propaganda? OH, LOOK!

dawg

(10,624 posts)

4. It doesn't.

Reply to RandySF (Original post)

Tue May 26, 2020, 02:48 PM

May 2020

Next question ...

mwooldri

(10,303 posts)

5. Marketing. EOM

Reply to RandySF (Original post)

Tue May 26, 2020, 02:51 PM

May 2020

Orrex

(63,243 posts)

6. Even the transactions done in person are done by computer

Reply to RandySF (Original post)

Tue May 26, 2020, 02:56 PM

May 2020

There is no benefit to packing these drones onto the trading floor, except as a public relations ploy.

PoliticAverse

(26,366 posts)

7. From 2017...

Reply to RandySF (Original post)

Tue May 26, 2020, 03:02 PM

May 2020

Why robot traders haven’t replaced all the humans at the New York Stock Exchange—yet
https://qz.com/1078602/why-the-new-york-stock-exchange-nyse-still-has-human-brokers-on-the-trading-floor/

Xolodno

(6,408 posts)

8. Some jobs...

Reply to RandySF (Original post)

Tue May 26, 2020, 03:02 PM

May 2020

...get "institutionalized".

I'm a bit of a Disney fan, although I don't participate on the message boards, I do read them. And it amazes me, when Disney replaces an attraction, people act like you stole a piece of Walt Disney's soul.

So is the Stock Market trading floor, its more tradition and show than necessary.

Disaffected

(4,571 posts)

9. I expect it is because,

Reply to RandySF (Original post)

Tue May 26, 2020, 03:26 PM

May 2020

in part, so that at least a portion of trades are done "openly" for all to view. If it was done solely by computer or in back-rooms, the potential for undetected shenanigans would be higher.

Locrian

(4,522 posts)

10. they are

Reply to RandySF (Original post)

Tue May 26, 2020, 05:04 PM

May 2020

read Flash Boys. There is nothing remotely left of what people normally think of the "Stock Market"

https://en.wikipedia.org/wiki/Flash_Boys

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