NYSE Seeks to Open Stocks Electronically - FBN's Gasparino

Fox Business Network's Charles Gasparino reports that the NYSE is asking the SEC to allow an electronic open to the market if the "designated market maker" can't open a stock. Gasparino said this could be another step toward ending the floor.

FBN NEWS: @NYSE asking SEC to allow an electronic open to the market if the "designated market maker" ie the floor cant open a stock

— Charles Gasparino (@CGasparino) October 19, 2015

Gasparino linked to the following document. It states: "Proposal to amend Rule 123D to specify that Exchange systems may open one or more securities electronically if a Designated Market Maker registered in a security or securities cannot facilitate the opening of trading as required by Exchange rules"

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