ZIFFPAGE TITLENew York Stock ExchangeBy Larry Dignan | Posted 2005-03-07 Email Print
Re-Thinking HR: What Every CIO Needs to Know About Tomorrow's Workforce
The exchange wants to automate its trading systems. But many clients prefer dealing with human specialists. How John Thain will try to reach both objectives.: Base Case">
New York Stock Exchange: Base Case
11 Wall St.,
New York, NY 10005
Phone: (212) 656-3000
Chief Technology Officer: Roger Burkhardt
Average Daily Trading Volume in 2004: 1.46 billion shares
Challenge: Expand use of electronic trading while maintaining open auction format.
- Increase percentage of electronic trading at NYSE to 20% by year-end 2006, up from 9.8%, or 159 million, of the 1.62 billion shares traded daily in January 2005.
- Be ready to roll out hybrid electronic/human exchange in 12 months.
- Cut time to complete a trade from 14 seconds, on average, to 7 seconds.