Cameras at the NYSE
NEW YORK – The clandestine world of Wall Street will be a bit more transparent during the second quarter, when the New York Stock Exchange (NYSE) installs cameras on its trading floor in an effort to avoid regulatory snafus, NYSE officials say.
A pilot phase will place the cameras at 20 spots throughout the floor for approximately 18 months. "It's another tool to find out what's happening in the trading crowd," says Brendan Intindola, an exchange spokesperson.
The move comes after the US Securities and Exchange Commission (SEC) and the NYSE last year took disciplinary actions against seven member firms and 15 individuals for violating
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