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No, those are still actual traders at the NYSE. An overwhelming amount of trades are electronic, but the NYSE floor is still a thing.
https://www.investopedia.com/ask/answers/09/traders-floor-exchange.asp
There are still traders who work on the floor of the New York Stock Exchange (NYSE)—where some large companies still trade in the pit—as well as commodity and options exchanges like the Chicago Mercantile Exchange (CME).
They’re there almost exclusively for the cameras. It’s essentially a TV set.
Yes, you’re not wrong, but they are making actual trades.
If I had to guess, they aren’t doing the small high frequency trades, but big movements.
Just like my IBS.
