NYSE executes record-low 30% of country's trades in May

The New York Stock Exchange, which has been around for more than two centuries, executed only 30.2% of the nation's stock trades last month, according to data compiled by Bloomberg. Direct Edge Holdings and BATS Exchange -- not Nasdaq OMX -- were the beneficiaries of the shift. "When you are in a purely electronic marketplace, the fact that you're the original or the oldest guy standing doesn't mean anything anymore," said Michael Rosen, a senior vice president at UNX. "The people doing the trading aren't buying the story of the Nasdaq or the NYSE. They just want the fastest and best execution they can get at the lowest price."

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