With recent mergers of stock exchanges, beginning with the New York Stock Exchange merger with Archipelago, and subsequently with Euronext and eventually the Intercontinental Exchange (ICE) in Atlanta purchase of the NYSE Euronext for $8.2 billion. Most exchange floors are symbolic because trades today usually take place on computers.

Question

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Stock exchange locations still exist, mostly as symbolic gestures. With the merger of major exchanges, beginning with NYSE and Archipelago (a sophisticated, state-of-the-art electronic exchange), members still represent their clients, but trades take place electronically.

With Recent Mergers of Stock Exchanges, Beginning with the New