Reply #40: Next step - outsourcing

[54anickel]

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"When you go for-profit, you say to yourself, 'Do we need all that space, do we need all those people?' " said Michael Pagano, associate finance professor at the Villanova University School of Business.

NYSE Group is under particular pressure to keep its stock up as it seeks to buy European stock-market operator Euronext. On Wednesday, NYSE shares rose 48 cents to $82.51.

NYSE Group said last week that it would close one of its five trading rooms in the next 18 months because of improvements in technology and automaton. Some observers think further reductions in trading space and employee headcount will follow.