Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

NYSE's Plan for Automated Trading Worries Workers

The New York Stock Exchange's new CEO proposes changes to the exchange's traditional open-outcry auction process. John Thain says the exchange needs to adopt a more automated system of trading, but auctioneers who work the trading floor see a threat to their livelihoods. NPR's Jim Zarroli reports.

Copyright 2004 NPR

Tags
Jim Zarroli
Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.
Become a sustaining member for as low as $5/month
Make an annual or one-time donation to support MTPR
Pay an existing pledge or update your payment information