Wall Street: Instant Quotes

The New York Stock Exchange is more active than ever before—daily volume is running 12% above last year's average—and each day more than 70,000 investors phone their brokers to ask how their stocks are doing. This week Exchange President Keith Funston will introduce a computerized system to provide quick answers.

With the new IBM Market Data System, the process will be this: when an .investor calls in to ask for a stock quote, the broker can press a button on the base of his telephone and automatically connect into a computer at the exchange. He will then dial a four-digit...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!