NYSE Trading Volume Plummeting
Nothing new here for my readers. I've been talking about this everyday for the last year...
Gotta love the Hybrid Market... or do you? Ray still has hope.
(h/t Stockhunter)
Friday, May 23, 2008
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It comes down to competition. Rather than 2 exchanges (NYX, NDAQ) to choose from, you now have many other choices, e.g. Bats, Project Turquoise, Four Seasons, Project Rainbow, etc. Institutional money is making use of these alternatives, which hurts volume at NYX and NDAQ.
NYX's challenge is to improve pricing, speed, liquidity, and customer service to take back this share.
BD
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