The NYSE has been under pressure to become more of an electronic-trading model and ditch its centuries-old floor auction model.
New regulations by the Securities and Exchange Commission are also prompting the need to move to a more electronic trading model.
Neiderauer, a former Goldman Sachs partner and senior trading executive there, is said to have a disdain for the floor-based trading model.
It does give Nymex, which is planning on an initial public offering later this year, a critical boost in electronic trading to complement its traditional open-outcry floor-trading model.
Even Ameritrade, which stuck to the trading model longer than its peers because it had a lower-cost platform, made only 40% of its revenues from trading last quarter.
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Nasdaq claims to have pioneered the electronic trading model in the late 1970s, paving the way for the emergence of electronic communications networks, or ECNs, in the last decade.
Neiderauer, a former Goldman Sachs (nyse: GS - news - people ) partner and senior trading executive there, is said to have a disdain for the floor-based trading model.
That includes pushing ahead with the next phase of NYSE's "hybrid" trading model, which pushes more trading in the most liquid stocks to an automated system and leaves the trading of more illiquid or highly volatile stocks in the hands of the specialists on the floor.
This mutual exchange concept is expanded more broadly in the LETS (Local Exchange Trading System) model of private currencies.
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However the UK model of trading stops and auctions work, so it would perhaps be a good idea if all markets followed that model.
America has had great success cutting sulphur-dioxide emissions, which are a precursor to acid rain, through a domestic trading scheme that may be a good model for any Kyoto-inspired carbon trading.
I'm sure this last year and a half has destroyed a lot of model-based trading strategies.
But now the Asian markets are moving toward the Western model of continuous trading, and shortening their lunch breaks.
"From that moment on I knew I wanted to fly, " says Lowy, who soon had airplane wallpaper in his bedroom and a vast collection of model airplanes and trading cards.
He will then have the option of continuing to use it for nothing, or trading it in for a bigger model, perhaps driven by a 10-watt solar cell.
In my Covestor Tactical ETF Model, my primary trading vehicle was the iShares MSCI Spain ETF (NYSE:EWP), and my record on this trade was very much a mixed bag.
Somebody is buying all of these vehicles new, and we should be grateful to the crowd that expects to be trading them in for a new model as soon as their payments end.
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Using his proprietary model and database of historical trading situations, Way calculates probabilities of future price movements for individual securities.
That is especially important in automated high frequency trading (HFT) where a flawed model can lead to immediate losses, as MathWorks says.
Apple ( AAPL) is in this model, doing just fine trading in the orbit of Planet Earth worth about a half a trillion dollars.
If two traders are using the same model and one has a faster trading platform, he will make more money.
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Thain has attempted to work out a hybrid model that promotes greater use of electronic trading, especially among the most liquid stocks, while preserving a role for the floor.
The speed and efficiency of the Equiduct model, specially designed for high-frequency trading of equities in the fragmented European market, is attracting institutions and bringing new players onto the market, says Fischer.
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Any game that requires a player to generate wealth by trading with other players for virtual currency will provide an enlightening model of capitalism.
More generally, the rich world is not offering developing countries a model of how to implement a rule-based international trading system.
With climate policy in disarray here in the United States as well, leading environmental organizations and progressives would do well to look to our friends in Australia for a new model to move away from compromised and politically unsustainable emissions trading and toward major public investments in clean energy innovation and infrastructure to create a prosperous clean energy economy.
In addition to increased yields of beef per acre, the Grasslands model also creates an opportunity to commoditize sequestered carbon for carbon credit trading.
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The company said trading "endorses our view of the robust nature of the LA Fitness business model", adding that "this gives the board further confidence of the Company's growth prospects".
On Tuesday, floor traders wound up the day processing orders manually, using paper, pencil and in some cases white board to keep track of buy and sell orders, instead of using the electronic trading system that is supposed to be the show-piece of the hybrid model.
Last year he unveiled a hybrid model that, when in place sometime next year, will push the trading of the most liquid stocks on the exchange to an electronic system, while less liquid stocks will still be handled by the specialists on the floor.
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