2007-10-24 16:48:56 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
well what i mean is like the people you see yelling running around and stuff y cant they all just go home and do it on line seems better that way idk
2007-10-24 16:56:32 · update #1
I think you are refering to the open outcry system. The NASDQ is an electronic system, and my understanding is that the NYSE has an electronic component also.
While the news always shows situations where there is a lot of activty and yelling, that does not happen all the time.
One feature of that system is having a market maker on the floor.
There are a number of reasons that keep actual traders on the floor, and those involved in the process think that is a better option than an all computer system.
2007-10-24 17:07:05 · answer #1 · answered by Gatsby216 7 · 0⤊ 1⤋
Well as you say, it could be done on ebay, but NYSE has established confidence of the traders, and in someways, it is very much like ebay, except a different company.
2007-10-24 16:53:01 · answer #2 · answered by SissyTina 1 · 0⤊ 1⤋
It seems to be heading in that direction.
2007-10-24 17:56:49 · answer #3 · answered by jeff410 7 · 0⤊ 0⤋