NYSE Euronext Inc. (NYX) Stock Should Be in the High 90s: Barron's
The decline of floor trading at the New York Stock Exchange has helped its parent company, NYSE Euronext (NYX) because overall volume has shot up, increasing the value of its shares, according to weekly financial publication Barron's.Barron's said that only 6 percent of all NYSE trades are now handled by floor specialists. At the same time, the publication said, overall trading volume -- which includes the NYSE Arca electronic market - rose 27 percent. The decline of floor trading has helped it increase trading volume, Barron's said.
Disclosure: We own options calls on NYX
Disclosure: We own options calls on NYX
Labels: NYSE Euronext Inc., NYX
posted by Stock Administrator @ 3:36 PM
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