NYSE - Prime Real Estate

Posted by Myrna Moss, Sep 24, 2007, 1:25pm

nyse[1].jpgSadly, the amount of activity on the famous floor of the NYSE is dwindling. A space once filled with the roar of brokers and clerks on the floor buying and selling stocks has been largely replaced with computerized trading . From it’s peak of over 3,000 members, the crowd has tapered off to about 1,700.

Dealbook reports this morning: "The decline in activity at the exchange’s headquarters at 11 Wall Street is palpable. Tourists no longer queue up by the hundreds to survey the floor from the visitors’ gallery or watch the ceremonial ringing of the opening and closing bells. Excluded for security reasons since 9/11, they can only wander by the building that has long symbolized the heart of American commerce.
If they could get inside, they would see that a once-vital organ has been reduced to a reliable backdrop for financial shows on cable."

In the coming weeks, the exchange will close down two trading areas it added decades ago. Dealbreaker is wondering what the NYSE plans to do with this extra space. After tossing around some ideas – here’s what we came up with:
- A Starbucks or two. The floor of the NYSE might be the most expansive area that doesn’t have a Starbucks.
- A food court, featuring a Cipriani, Robert’s Steakhouse
- A dry cleaning service – have you seen the pit stains under those guys arms?
- An apprenticeship booth manned by Tim Sykes

You guys are a creative bunch, surely you must have some ideas what the NYSE can do with the added floor space.

New York’s Shrinking Exchange Floor [Dealbook]
Next to Downsize on Wall Street? The Exchange Floor [New York Times]

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Posted in: NYSE

Comments

Posted by Polonius, Sep 24, 2007 1:44PM

The good news is since the Fulton Street Fish Market moved to Brooklyn the exchange floor is smelling fresh as a daisy.

Posted by John Thain, Sep 24, 2007 1:53PM

A nudie bar. How about 'Scores South'??

Posted by Jan-Michiel Hessels, Sep 24, 2007 1:54PM

I propse a gay bathouse. Then all of the specialists can get back to the business of ass-raping people.

Posted by TR, Sep 24, 2007 1:55PM

I like the Robert's Steakhouse idea... I think that spare room would be just enough to hold Zack Michaelson's ego.

Posted by , Sep 24, 2007 1:55PM

Tear the whole thing down and build some condos.

Move the NJSE to Hoboken.

Posted by Todd Thomson, Sep 24, 2007 2:00PM

I think we could use the Blue Room as Maria Bartiromo's private "interview lounge"

That way she could suck, fuck, take it up the ass, get gang-banged and have a bukkake fest with her financial "news sources" all while never having to venture too far from the trading floor. No need for Citigroup's private jet!!!!!!!!!

Posted by WB, Sep 24, 2007 2:04PM

I for one am happy to see that Myrna is back in the saddle again.

Posted by , Sep 24, 2007 2:06PM

that makes one of you.

Posted by Baruch Singer, Sep 24, 2007 2:11PM

I'd like to put up some tenements on the open space. There is nothing I like more than putting elderly minorities into shit-holes and then getting federal grants to line my pockets with. Jews wonder why the blacks hate them?? People like ME are the reason but I don't care; as long as I can make an extra sheckel or two it is worth it.

On a related note, I am selling my grandmother ass-hole for a dollar; I will do ANYTHING for money and don't care who knows it and if you accuse me of being a cheap, dishonest, liar and slumlord then you are an anti-semite!!!!!

Posted by Eggplant, Sep 24, 2007 2:16PM

What will happen to all the Vinny's?

Posted by , Sep 24, 2007 2:22PM

attn Eggplant... the "Vinny's" will move their weekday operations full-time to the building that was formerly the known as the Sound Factory. Being as they spend all their time other than M-F 8-4 there anyways, it shouldn't be a major shift, just a longer commute from BK.

Posted by Anal_yst, Sep 24, 2007 2:24PM

Aren't they already in Chicago?

Posted by Major HF, Sep 24, 2007 2:24PM

a little birdie told me, that NYMEX floor traders will soon be occupying the NYSE floor & selling the merc' for $600mm....

Posted by Minor HF, Sep 24, 2007 2:31PM

A little Birdie told me the CME should scoop up the NYMEX and the NYSE or maybe let the NYSE buy the NYMEX, trade down some more and them buy the NYSE. The problem with the NYSE is they're stuck moving the same product where the CME gets to innovate new instruments to increase volume

Posted by b, Sep 24, 2007 2:35PM

Class act Baruch Singer .... CHIMP

Posted by Kippy, Sep 24, 2007 3:29PM

A Coconuts Records/Peter Luger combi-location.

Posted by joe, Sep 24, 2007 4:33PM

Open a club called "The Floor". All club employees will wear colored jackets and orders have to be made in goofy floor broker sign language

Posted by Mike Hunt, Sep 24, 2007 5:04PM

Joe, Thats not a bad idea, could even use open-outcry bartending with patrons bidding on their drinks. Or the girls.

Posted by Dave, Sep 24, 2007 6:00PM

Cipriani's is a bad choice. They may be losing their liquor license.

http://www.nypost.com/seven/08122007/news/regionalnews/ciprianis_dis_bar_ment_regionalnews_susan_edelman_and_brad_hamilton.htm

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