NYSE's COO explains importance of physical trading floor - Business Insider

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A NYSE exec lays out data showing why the exchange is committed to reopening floor trading even as Wall Street adapts to remote work

made due to the spread of the novel coronavirus, one industry staple is eager to return the first chance it gets: the New York Stock Exchange's trading floor.

Yet, despite it being NYSE's first go at rolling out all-electronic trading on live markets, the process has gone fairly smoothly. In the face of continued market volatility, NYSE has been able to handle the transition without any noticeable impact. Blaugrund said the exchange "made a few tactical changes" in an effort to improve trading efficiency, adding it would "likely make further changes." However, even if NYSE is able to close the gap, he remained firm that the exchange will eventually reopen its trading floor. , the floor traders that help to manage the liquidity and volatility of stocks listed on NYSE, still play much-needed role, particularly during critical market events.

 

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