It would also pave the way for computerized trading.
Officials in the industry had hoped that the Big Board's basket would resolve some problems created by computerized trading.
Given the choice between the pit and the personal computer, I doubt that many will pay extra for the pristine circuitry of computerized trading.
Neither did it recommend any restrictions on the use of computerized trading.
Indeed, if the public is shown to have been denied fair trades, a renewed push for computerized trading seems inevitable.
But such computerized trading can still jolt the market, traders said.
The day's distinctive swings appeared to signal the presence of large-scale computerized trading.
But computerized trading could be used to match buyers and sellers at low cost.
And while the computerized trading did not cause the market slide, he said, it greased the skids.
It is not likely that computerized trading deepened the fall.