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Article: WALL STREET OBSOLETE, PROF SAYS ELECTRONIC TRADING SOON WILL REPLACE OLD-FASHIONED TRADING FLOORS, HE PREDICTS.(Business)(Investing Page)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- June 20, 1999
- Author:
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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 ...