For a 20-year period beginning in 1986, the NYSE was regularly criticized for making less use of electronic and computer technology than most of its competitors around the world, even less than exchanges in emerging and developing countries, and less than exchanges just starting business. The NYSE would argue that its specialist system required more face- to-face contact than other non-specialist exchanges. How have the changes in recent years affected the role of the specialist?
For a 20-year period beginning in 1986, the NYSE was regularly criticized for making less use of electronic and computer technology than most of its competitors around the world, even less than exchanges in emerging and developing countries, and less than exchanges just starting business. The NYSE would argue that its specialist system required more face- to-face contact than other non-specialist exchanges. How have the changes in recent years affected the role of the specialist?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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![For a 20-year period beginning in 1986, the
NYSE was regularly criticized for making less
use of electronic and computer technology
than most of its competitors around the world,
even less than exchanges in emerging and
developing countries, and less than exchanges
just starting business. The NYSE would argue
that its specialist system required more face-
to-face contact than other non-specialist
exchanges.
How have the changes in recent years affected
the role of the specialist?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff942caaa-47db-401f-b983-1549dad7d524%2F05e6fab6-40ed-43bd-adf8-4d25f67c5816%2F3nzd3_processed.jpeg&w=3840&q=75)
Transcribed Image Text:For a 20-year period beginning in 1986, the
NYSE was regularly criticized for making less
use of electronic and computer technology
than most of its competitors around the world,
even less than exchanges in emerging and
developing countries, and less than exchanges
just starting business. The NYSE would argue
that its specialist system required more face-
to-face contact than other non-specialist
exchanges.
How have the changes in recent years affected
the role of the specialist?
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