Goldman's Traders Get Wireless 'Looks' Via NYSE Floor Brokers Using Handhelds
CUTTING EDGE
NEW YORK--Since the late summer, Goldman Sachs has been using handheld devices to provide wireless "looks" between 25 brokers on the floor of the New York Stock Exchange (NYSE) and its "upstairs" sales traders, says a source at Goldman Sachs.
The successful effort represents a major step for Goldman because it has caused the investment bank to investigate the development of a wireless order matching service, says the source. The brokers are happy with the new system, and the traders call it a
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