Why did seats on the major exchanges decline in value in the late 1990s?

Question

Quizplus · Accepted Answer

The decline in value of seats on major exchanges was primarily due to competition from electronic trading, as online trading became more popular and widespread in the late 1990s. This put pressure on the traditional open-outcry trading model and reduced the value of exchange seats. The decline in stock prices and the rise in interest rates could have also had an impact, but they were not the primary drivers of this trend. Increased government regulation may have also played a role, but it is unlikely to have been a significant factor in the decline in value of exchange seats during this period.

Why Did Seats on the Major Exchanges Decline in Value