New NYSE CEO Hints About Changes

Updated from 8:42 a.m.

Despite John Thain's hints about altering the structure of the New York Stock Exchange when he takes over as chief executive, some observers say a major overhaul isn't in the cards.

In a morning news conference announcing his appointment, Thain, who is the president of Goldman Sachs(GS Quote), said electronic trading could play a larger role in the Big Board's future.

"My job is to make sure the exchange remains the most liquid, most efficient marketplace in the world," he said. "That may involve a greater degree of electronic trading, but that remains to be seen. We'll see in the next couple of months what the best structure is for the exchange going forward." ...