After Ramping Up, Barclays Sheds NYSE Floor Operations

Barclays, the British bank whose high frequency trading activity had been the subject of consternation, has continued its global pullback, exiting its long-held post at the New York Stock Exchange. Barclays sheds NYSE posts following other major banks Barclays surrendered its post to Global Trading Systems, a New York-based electronic trading firm that favors computers over humans, perhaps benchmarking a trend that is almost entirely complete. Electronic market gained significant steam in the mid-2000s, had a well-known hiccup in 2010, and soon after exchanges moved to more complete computerized control of market structure. The takeover of Barclays business by GTS…