In its latest release, NYSE Euronext says its NYSE Arca exchange should be considered the primary market under its proposed scenario to open for trading without the floor.
Electronic exchanges are threatening the survival of open-outcry futures trading as practiced by the CBOT and its crosstown rival, the Chicago Mercantile Exchange.
The facility is already obsolete: Electronic exchanges are threatening the survival of open-outcry futures trading as practiced by the CBOT and its crosstown rival, the Chicago Mercantile Exchange.
Harris also helped develop computer trading systems that seem certain to doom the open-outcry system for good, though the exchange is preserving both systems as long as demand is there.