Upstarts Have Big Bourses Feeling the Urge to Merge
Jan 9th, 2009 | By Don Miller | Category: Financial NewsThe days of shouted orders and crumpled trade tickets on vast floors jammed with frantic stock traders are numbered. Turns out the human faces of Wall Street are rapidly being replaced by nondescript computer technicians quietly monitoring speedy rack-mounted servers. They execute billions of trades daily in placid data centers located in remote locations far from the high rises (and high rents) of Manhattan.