Farewell, Boredom
BEFORE THE SPIN
During the late 1990s, an associate of mine complained that writing about exchanges was boring—there was little in the way of new technology and most of the stories were about trading crashes and halts. Even those stories had limited news value, this person argued, because the truth behind them would be cloaked in the old boys' club secrecy, frustrating the press and exchange members. But, oh boy, have things changed.
For starters, automation is the new mantra of all exchanges, even those that
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