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NYSE's Plan for Automated Trading Worries Workers

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NYSE's Plan for Automated Trading Worries Workers

Business

NYSE's Plan for Automated Trading Worries Workers

NYSE's Plan for Automated Trading Worries Workers

  • Download
  • <iframe src="https://www.npr.org/player/embed/3810761/3810762" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

The New York Stock Exchange's new CEO proposes changes to the exchange's traditional open-outcry auction process. John Thain says the exchange needs to adopt a more automated system of trading, but auctioneers who work the trading floor see a threat to their livelihoods. NPR's Jim Zarroli reports.