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The specialists system on the Big Board's floor has been under attack in recent years as antiquated and fraught with the potential for abuse.
Limited access to specialists, system fragmentation, and underdeveloped group practice and shared-care models were impediments.
Similar(58)
According to data released in December by the Department of Labor's Bureau of Labor Statistics, 8 of the 10 fastest-growing occupations projected through 2010 are in information technology, including software engineers, support specialists, systems administrators, database administrators, desktop publishers and other jobs.
"The specialist system gets better prices," Mr. Thain said yesterday.
"Yes, the specialist system was like a candy store," Ms. Siebert said.
Fidelity, a giant fund manager, has already called for an end to the specialist system of trading.
In this work we propose a simple market model where some features of the Specialist System are analyzed.
But he said he had had so many problems with trades on the Big Board that he had come to believe that the specialist system was flawed.
The specialist system — in which a human being with capital at stake is obligated to use it to maintain orderly markets — has been in decline for years.
At the heart of this issue lies a profound lack of culturally appropriate, safe and specialist system responses for our women.
And serious questions are being raised about whether the exchange's continuous auction market and specialist system is up to the challenge of the 21st century.
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