NYSE MKT’s Floor Trading Shuts Down in Q2 2017, Marking End of Pits Era

[kreslik.news]

The trading floor of the NYSE MKT exchange, formerly known as the American Stock Exchange (AMEX), will shut down in the second quarter of 2017, the latest step in the inexorable shift toward electronic trading, according to a Reuters report.

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The closure will leave products listed at the exchange available only for electronic trading. The move may come after the share of turnover executed on the floor dwindled down to a slight portion of the company’s overall volumes. However, the open-outcry trading style on ... (read more)