New rules at the New York Stock Exchange (NYSE) came into effect on 9 April, allowing stocks listed on rival exchanges to be traded on the NYSE itself for the first time. The change follows significant numbers of exchanges pivoting to digital, and the creation of many more rival trading platforms. In a statement released by Nasdaq, it said: “While we are pleased that our customers can now trade their shares directly with us, there is still much work left to do in order to ensure
New rules at the New York Stock Exchange (NYSE) came into effect on 9 April, allowing stocks listed on rival exchanges to be traded on the NYSE itself for the first time. The change follows significant numbers of exchanges pivoting to digital, and the creation of many more rival trading platforms. The move will allow large buyers and sellers to opt for NYSE human traders if they fear that making moves electronically would lead to price movements.