So, the NYSE trading system software is outdated, eh? In the one place that is ear-deep in money?
Rriigghhtt.....puh-leeze.
The nature of software is that everything installed more than 6 months ago is outdated. We call it job security, if you’re not making what you did last year obsolete it’s probably because you don’t work there anymore. And while time does equal money, money doesn’t buy time. Upgrades take a lot of work, and cause a lot of fear because you never know when that system you’re planning to unplug is actually the keystone.