NYSE slips as electronic trading surges

Friday 23 May 2008 at 17:47

The New York Stock Exchange has continued to lose market share to faster electronic rivals, while volumes traded on its own electronic platform have for the first time equalled those on its traditional floor-trading business.

Trading on the world’s largest stock exchange fell 19% to a daily average of 1.27 billion shares in the second quarter of this year, from an average of 1.57 billion shares for the same period last year, according to Bloomberg data.