The New York Stock Exchange will make all U.S. securities available for trading on the NYSE floor by year-end, giving investors another, less speed-dependent, way to trade securities such as Nasdaq-listed stocks and exchange-traded funds. - From Reuters
Over the past several decades as stock trading has become more electronic, most trading floors have been closed in favor of fully automated exchanges, many of which emphasize speed and allocate stocks based on a first-come first-served model at the best price available.
Critics say the focus on speed has created an unlevel playing field where firms using high-frequency trading strategies can use sophisticated technology to gain an advantage over investors with less means.
NYSE is in the middle of moving its equities and options markets, including the NYSE, NYSE MKT, NYSE Arca Equities, NYSE Arca Options, and NYSE Amex Options, to a new trading technology platform, known as Pillar.
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