Description
Discusses the history of the New York Stock Exchange and how it works, evaluates its current position, and speculates on its future
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New technology and investor demands are threatening the market share, if not the very existence, of the New York Stock Exchange (NYSE). By burrowing in the archives of the NYSE itself, the author found that while the institution had the necessary information to foresee and adapt to changing conditions, they simply discounted the growth of institutional investing, computerized trading and the like. In short, their self-righteousness got in the way of seeing and accepting the realities before them. A fascinating and well documented account. Annotation copyright Book News, Inc. Portland, Or.
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