Article: WALL STREET OBSOLETE, PROF SAYS ELECTRONIC TRADING SOON WILL REPLACE OLD-FASHIONED TRADING FLOORS, HE PREDICTS.(Business)(Investing Page)

Byline: Guy Kelly News Staff Writer

Go ahead, call Junius Peake an iconoclast.

Just make sure you define your terms.

If by iconoclast, you mean ``one who attacks cherished beliefs, traditional institutions, etc., as being based on error . . . '' then Peake couldn't be more flattered.

Peake, the Monfort Distinguished Professor of Finance at the University of Northern Colorado, is on the warpath against the way Wall Street does business.

A former vice chairman of the National Association of Securities Dealers, Peake calls the scene on the floor of the New York Stock Exchange a great backdrop for cable news shows but hardly the ...

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