Question: The prices of seats on major financial exchanges have plummeted
The prices of seats on major financial exchanges have plummeted dramatically in recent years. For example, at the Chicago Board of Trade, the world’s biggest futures exchange, a membership seat sold for $ 300,000 in 2012, down 65 percent from a record of $ 858,000 in 1997. Explain, using a graph, why the decline in the value of such seats may be related to the growth of electronic trading.
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