Bloomberg TV: High-Speed Firms Now Oversee Almost All Stocks at NYSE Floor

Annie Massa reports Modern Markets Initiative Founding Member Global Trading Systems agreed to purchase Barclays Plc’s business at the New York Stock Exchange floor, meaning high-speed trading firms now manage buying and selling of nearly all securities there. Betty Liu interviews GTS CEO Ari Rubenstein at the New York Stock Exchange to discuss the purchase. Ari says that the Barclays team has a reputation as the “classiest operation on the floor.” That team will join GTS and have access to the firm’s sophisticated technology to complement its floor trading capability.