Times are changing right before our eyes!
Hong Kong’s stock exchange has become the first to close down its physical trading floor after 31 years. Because of the changing nature of markets, Hong Kong may just be the first of many to follow this route. The rationale behind the closure is, of course, the rise of electronic and Internet trading.
According to the BBC, Hong Kong's stock exchange was home to more than a thousand floor traders at its peak. Now, its floor is being considered for renovation and subsequently will be turned into a space for conventions and exhibitions.