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NYSE's Plan for Automated Trading Worries Workers

The New York Stock Exchange's new CEO proposes changes to the exchange's traditional open-outcry auction process. John Thain says the exchange needs to adopt a more automated system of trading, but auctioneers who work the trading floor see a threat to their livelihoods. NPR's Jim Zarroli reports.

Copyright 2004 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.