• Watching his colleagues leave, Lavender has become an even louder and more passionate defender of the chaotic open outcry system that defined securities trading around the world for most of the past two centuries.

    FORBES: Last Call

  • Privately, however, SIA attendees say what the merger really represents is the beginning of the end of the open-outcry auction system that makes NYSE and some other exchanges unique.

    FORBES: Magazine Article

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