Blame It On The Feds

In 2002 Federal regulators decided that the New York Stock Exchange lacked competition and they began taking steps to allow other trading platforms to enter the market. The NYSE had become a dinosaur because it focused on human floor specialists to facilitate its trading activities. The industry knew that computers could handle the trading operation at a faster pace and with signification larger volumes. The new exchanges that sprung up due to the regulators encouragement were state of the ar...