Financial Times FT.com

Faith in trading floor returns

By Anuj Gangahar in New York

Published: October 29 2008 02:00 | Last updated: October 29 2008 02:00

Investors have responded to market turbulence by routing a rising proportion of trades on the New York Stock Exchange through people rather than computers, reversing the recent trend toward automated trading.

The explosive growth of electronic trading had resulted in an ever-shrinking role for NYSE "specialists", who match buyers with sellers in particular stocks, and floor brokers, who execute buy and sell orders.

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