Thursday, October 8, 2009

Next-Gen NYSE Trading Floor: Hybrid of Live and Electronic

NYSE redesign, already under way at the Big Board's main trading room, is part of a broader strategic shift at the exchange. The exchange wants to lure more electronic traders directly to the floor, creating a hybrid world where they can take in the person-to-person "buzz" of live traders while still executing trades by computer.

The changes could bring about another big cultural change: traders will be able to sit at stations similar to desks used throughout Wall Street, instead of standing or perching on stools, as is Big Board custom. WSJ has more and provides rendering from Perkins Eastman Architects. The Architects, who also designed newly renovated Times Square half-price Broadway ticket booth, said the plan could "bring back some of the excitement" to the room. "We're taking out the blocky booths and replacing them with something nice," said Lou Pastina, EVP of NYSE operations.

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