Thain said Nasdaq stocks would not be traded on the exchange floor, rather they would continue to be handled electronically.
"There's definitely more caution in the air this time, " said Mark Otto, a Knight Capital Group director based on exchange floor.
Transactions were carried out by jobbers, who made markets in shares - physically seeking out others with whom to trade on the Stock Exchange floor.
BBC: Margaret Thatcher: How her changes affected your finances
The buyout gave Goldman control of the leading New York Stock Exchange floor specialist, with exclusive rights to make markets in more than 500 stocks.
They said the sluggish pace of economic recovery and a sharply lower level of activity on the stock-exchange floor made celebrations harder to come by these days.
It is awaiting regulatory approval of its hybrid plan, which would increase electronic trading of listed stocks but still preserve its 200-year-old auction system using specialists on the exchange floor.
Niederauer will look over NYSE's cash equities operations, including institutional and member firm group sales and client services for both the exchange floor and the electronic network acquired in last year's merger with Archipelago Holdings.
Traders on the New York Stock Exchange trading floor described the session as fairly typical.
Not to mention the hubbub about what will happen to the infamous New York Stock Exchange trading floor.
FORBES: Should Investors Be Worried About Proposed NYSE Merger?
Day traders are as likely now to be exchange-floor veterans, career-switching professionals or Ivy Leaguers cutting their teeth on Wall Street.
The New York Stock Exchange apparently considers Al Jazeera to be more of a terror threat than a legitimate news medium, having kicked its reporters out of the exchange trading floor.
Thus armed, day traders are adding a high-tech twist to the well-worn momentum game that exchange-floor traders have played for decades: Buy when markets are rising and sell when they turn south.
Those were difficult times--when the future of the exchange's floor-based auction system was in doubt.
The New York Stock Exchange debunked rumors that its trading floor had flooded, but the exchange and its peers were preparing for the need to go all-electronic in an effort to have at least some semblance of a trading session at some point this week.
FORBES: Stock Market To Reopen Wednesday After Hurricane Sandy Hammers New York
The real debate has to do with the very mechanism of the exchange, which has floor specialists acting as middlemen to facilitate trades between willing buyers and willing sellers.
But there is little agreement about how to put a floor under the exchange rates.
Deals were negotiated in the stock exchange, on a special floor that we created for this purpose.
The most visible reform was that traders no longer stalked the floor of the Exchange, animatedly dealing with each other face-to-face.
BBC: Margaret Thatcher: How her changes affected your finances
The ebb and flow of financial markets used to conjure up images of yelling, jacketed traders on the floor of an exchange.
ECONOMIST: A small town in Essex is an improbable capital-markets hub
When stocks started to plummet that day, trading at the New York Stock Exchange slowed down while its floor-based human brokers tried to sort out good orders from bad.
Thain again refuted that idea in his speech, telling the crowd that there was "absolutely" a future for the specialists and brokers who work on the floor of the exchange.
The programs bring traders onto the floor of the exchange, into the pits where options are traded every day, and include classroom sessions on everything from the history of options to lessons on selling covered calls.
Is there still a sense of humor on the floor at the stock exchange?
The filigreed ironwork of a stairway saved from Louis Sullivan's demolished Chicago Stock Exchange leads unexpectedly to the second floor.
WSJ: The Metropolitan Museum of Art | American Wing | The New World Reborn | By Ada Louise Huxtable
It starts to resemble the floor of the commodities exchange, he says.
Tons of false reports about water on the floor of the stock exchange, or other rumors amplified by the speed of the social web.
FORBES: Media. The Storm. And How Sandy Changes Reporting Forever.
According to the government's report, some of the country's biggest brokers were buying shares on the floor of the stock exchange and selling them on the kerb, where prices were generally 20% higher.
But as weather eased, the exchange announced it would open its trading floor.
By the fall, Archipelago aims to become a full-fledged, all-bits exchange where the time-honored trading floor will be a relic.
Disadvantage: getting nicked by floor traders on the futures exchange.
应用推荐