TIP 005 : Working on the Floor of the NY Stock Exchange (Investing Podcast)
We Study Billionaires - The Investor’s Podcast Network
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Having a Human Down There to Monitor the Situation
"It was tough to sink your teeth into, for the most part," he says. "You really had to be in it and i guess you had have a certain demeanour." The 'Nasdak' is an electronic trading system that used to allow people on the floor of the exchange to make trades. It's now all electronically traded at this point with no human involved. But there are two reasons why they're still needed: 1) To give investors more control over their investments; 2) For some reason, Nasdak works better than e-trading.
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