NYSE Like a Drugged Bull in Bullfight Over Share Orders, Exchange President Says

NYSE Like a Drugged Bull in Bullfight Over Share Orders, Exchange President Says
The front facade of the New York Stock Exchange (NYSE) is seen in New York on Feb. 16, 2021. Brendan McDermid/Reuters
Reuters
Updated:

NEW YORK—The head of the New York Stock Exchange on Thursday called for regulators to change rules that make it difficult for the NYSE to compete for stock orders, as the market share of exchanges has dwindled versus off-exchange trading platforms during the retail trading boom.

“On exchange, we are artificially constrained from competing for pretty much half of the market,” said Stacey Cunningham, president of Intercontinental Exchange Inc.’s NYSE.