NYSE Threatened by Upstart Exchanges

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Just when things seem to be finally getting better, just when the market felt what it was like to top 10,000, along come the Eeyores at the Times to remind us that New York doesn't really matter any more. Supplanted by "dark pools" (private markets unseen by regulators), Wall Street is quickly becoming a shadow of its former self. Smaller markets in places like Kansas and New Jersey are siphoning off trades from the Big Board and will soon force Wall Streeters onto the real street. Of course, everyone knows that the screaming and the yelling and paper waving of Wall Street will always be around, if only as a CNBC set. [NYT]