Thing is the quants and their alogorithms are smarter and more sophisticated than the floor guys. The patterns are still there, but the algos can play more tricks than the floor.
If they one day close all of these exchanges, would the exchange stocks like NYX and CME still continue to trade? How do the exchanges make money if everything trades electronically?
If they one day close all of these exchanges, would the exchange stocks like NYX and CME still continue to trade? How do the exchanges make money if everything trades electronically?
As the UBS Securities Director of Floor Operations at the NYSE, Art Cashin is going to leave when the building closes down if his
retirement doesn't come first. He's too valuable a presence for UBS with his daily spot on CNBC and face time on other networks.