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Wednesday, April 13, 2011

Markets In Everything: Cocktail Parties at the NYSE

NEW YORK -- "What do you do when a cathedral of capitalism becomes antiquated? You turn it into New York's best party space. Think black tie, not Black Monday.

The New York Stock Exchange has lost most of its famous shoulder-to-shoulder bustle in the age of computerized trading. So it's hoping its status as an icon of American finance will be a popular draw for cocktail receptions, analyst presentations and other festivities.

The exchange, where traders have nervously watched tickers and shouted orders for more than 100 years, is already available for some events. It wants to expand to 1,000 a year, double the number from three years ago."

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