|
|
Article: Institutional investing, computer trading leave the Boston stock exchange Fighting for its life
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- November 8, 1992
- Author:
CopyrightCopyright 1992 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
|
Mention Bernard L. Madoff by name, and William G. Morton Jr.,
Boston Stock Exchange chairman, bolts out of a chair and begins
pacing.
The scrappy New York securities firm Madoff started in 1960 has
emerged as the second biggest trader of New York Stock
Exchange-listed stocks -- trades that might once have flowed onto the
floor of the Boston Stock Exchange.
"Bernie's a class guy, and an intense competitor. But my problem
with him is he's cherry picking." complains Morton.
Sniffs Madoff in reply: "I don't pay much attention to what the
regional exchanges are doing."
For Boston, however, Madoff is an aggravation, symbolizing a host
of changes to financial markets that challenge the very need ...