Electronic Trading Takes Its Toll On Credit Suisse NYSE Traders

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Credit Suisse is fielding nine less souls on the floor on the New York Stock Exchange, Bloomberg reports this morning. Seven staffers have been let go and two moved elsewhere within the bank as more trades are made electronically.
Of course, it’s not just Credit Suisse traders who are being made redundant by the recent push into electronic trading. They're just the ones talking to Bloomberg reporters. In the interest of getting a fuller picture of how electronic trading is changing the NYSE, we’d like to hear more about this. Who else has recently cut or is planning on cutting its staff on the floor of the Big Board? Send your thoughts to tips (at) dealbreaker (dot) com.
Credit Suisse Cuts NYSE Staff by Almost a Third, People Say [Bloomberg]

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