"Robert Sobel's N.Y.S.E. is an ably drawn and cogently presented chronicle to the present day. With access to Exchange files and documents previously unexamined by outsiders, Robert Sobel provides fresh insights into the personalities and policies that have helped shape the Exchange's fortunes and misfortunes during the last 40 years. Sobel shows that while often regarded as a monolith the Exchange is actually a product of conflicting and often and often warring factions-brokerage houses, specialists, floor brokers, investment bankers--eager to exploit the Exchange mechanism for their own ends. With the Exchange now facing outside pressures which may cause its replacement by a new electronic marketplace, Robert Sobel's N.Y.S.E. will likely stand as the definitive modern history of the nation's best-known financial institution."
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