Monday, March 11, 2013

Disaster plan for Wall Street

I thought the computers already ran the market!

Wall Street disaster plan: Trade without humans — RT Business
The New York Stock Exchange (NYSE) is preparing contingency plans wherein computers will replace outcry auctioning in case another disaster, such as terrorism or severe weather, forces the closure of trading in downtown Manhattan. ... Wall Street's famed floor traders would be out of harm's way. The transferal to Arca would make it the 'primary market', responsible for setting opening and closing prices for securities, the US business daily reported. "The NYSE has ...

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