Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (11820)	1/19/2007 12:19:17 PM
From: TFF	Respond to of 12617

More Traders Fall at NYSE 19 Jan 2007 Lehman Brothers, Goldman Sachs and Bank of America Specialists together cut 55 staffers from the floor of the New York Stock Exchange this week, in yet another sign of the growing impact electronic trading is having on Wall Street's career paths. The New York Post reports that Lehman laid off all six people in its Direct Market Access unit. Goldman - which laid off nine people - plans to eliminate its Direct Access in the next two months. Earlier this week, Bank of America cut 40 employees at the NYSE, and said 20 to 40 more jobs would be eliminated by Feb. 15. The Post said the shift to electronic trading "is happening rapidly enough to shock even hardened financial pros," and that it's hammering providers of equipment and services used by traders, such as screens and execution services.