I've been watching wall street warriors on you tube and this question has been bugging me.
Why does the US still have a major trading floor with guys waving their arms in the air and all the excitement etc?
From what I gather the ASX does everything electronically? why is the US different?
Do all trades go through the floor? like how does it work for retail clients? I assume there isn't a broker/specialist on the floor for every retail provider?