NYSE to unveil radical trading overhaul - NY Times
Latest News and Financial Information | Reuters.com: "The plan, known as Direct Plus, would represent a stiff challenge to Big Board floor traders who use the 212-year-old open outcry model, in which they use their knowledge and capital to help investors get the best price for stocks, the newspaper said.
The Big Board is fighting off competition from electronic trading exchanges that promise fast trades and anonymity to investors."
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