# Professor Richard Sylla discusses the evolution of financial technology over the past 50 years

1 Faculty News December 16, 2019 ![Markets Media logo](/sites/default/files/styles/246w/public/assets/images/marketsmedia192x144.jpg?itok=fYxRHFuW)>

Excerpt from [Markets Media](https://www.marketsmedia.com/fintech-at-50/) -- “'Fifty years ago New York Stock Exchange technology was still traders and brokers running around on the floor with paper slips, making trades and clearing them,' said [Richard Sylla](https://www.stern.nyu.edu/faculty/bio/richard-sylla), Professor Emeritus at NYU Stern School of Business. 'They actually had to reduce the hours of the exchange just to catch up.'"

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