So it acts like the current state of
electronic trading in the stock market.
Not exact matches
Traders on the floor of a
stock exchange, waving slips of paper
in the air and yelling like lunatics, were already being phased out
in the 1980s, as firms adopted more efficient
electronic trading platforms.
Trading in all listed securities had already been occurring on the NYSE's
electronic platform, known as NYSE - Arca, and on the old American
Stock Exchange, now known as NYSE - American.
This new world of
stock trading, in which volume is fragmented among dozens of electronic trading networks instead of concentrated on the floor of the New York Stock Exchange, has both benefits and drawb
stock trading,
in which volume is fragmented among dozens of
electronic trading networks instead of concentrated on the floor of the New York
Stock Exchange, has both benefits and drawb
Stock Exchange, has both benefits and drawbacks.
Eleven figures, if you didn't scribble it on paper, means Peterffy, a Hungarian immigrant and pioneer
in electronic stock trading, is worth more than $ 10 billion.
After 125 years the Toronto
Stock Exchange stopped using the traditional
trading floor method and switched over to purely
electronic trading methods
in 1997.
First, the issue with the
stock market is that with the advent of
electronic trading, the many get rich quick people have turned it
in to something not much better than going to the horse track and gambling.
A pioneer to
electronic trading, Toni has over two decades of experience
in trading stocks, futures, options & Forex!
Before the prevalence of
electronic trading,
trading stocks was very costly, dropping from ~ 15c
in the late 1970s to less than a nickel per share today.
The growth
in the
electronic trading of
stocks, futures and options with its low commissions and speed of execution has allowed market data networks that support high - frequency
trading by retail
RETT units are intangible instruments publicly
traded at major exchanges
in electronic form just like any other
stock.
You deal
in electronic shares and for starting
stock trading in India, you need to have a demat account done.
Since intraday
trading means securing a
trading position within the day, if you look forward to after - hour
trades, you should be a client of a brokerage firm that has access to ECNs or
Electronic Communication Networks, which are
trading platforms that permit after business hours
trading in major
stock exchanges.
My guess is that
electronic trading got out of control, because human beings would not offer to sell the
stock of valuable companies for exceptionally low prices,
in some case less than a buck or less than a penny.
While it is possible to
trade some
stocks and commodities
in the after hour
electronic session, the liquidity is often very low and this makes prices extremely uncompetitive.
After the Company ceases
trading on the Nasdaq Global Market as a result of such suspension, shares of the Company's common
stock held
in street name with brokers may be
traded in the over-the-counter market on an
electronic bulletin board established for unlisted securities such as the OTC Bulletin Board or the Pink Sheets.
In both instances, these services or products may include: company financial data and economic data (e.g., unemployment, inflation rates and GDP figures),
stock quotes, last sale prices and
trading volumes, research reports analyzing the performance of a particular company or
stock, narrowly distributed
trade magazines or technical journals covering specific industries, products, or issuers, seminars or conferences registration fees which provide substantive content relating to eligible research, quantitative analytical software and software that provides analyses of securities portfolios,
trading strategies and pre / post
trade analytics, discussions with research analysts or meetings with corporate executives which provide a means of obtaining oral advice on securities, markets or particular issuers, short - term custody related to effecting particular transactions and clearance and settlement of those
trades, lines between the broker - dealer and order management systems operated by a third party vendor, dedicated lines between the broker - dealer and the investment adviser's order management system, dedicated lines providing direct dial - up service between the investment adviser and the
trading desk at the broker - dealer, message services used to transmit orders to broker - dealers for execution,
electronic communication of allocation instructions between institutions and broker - dealers, comparison services required by the SEC or another regulator (e.g., use of
electronic confirmation and affirmation of institutional
trades), exchange of messages among broker - dealers, custodians, and institutions related to a
trade, post-
trade matching of
trade information, routing settlement instructions to custodian banks and broker - dealers» clearing agents, software that provides algorithmic
trading strategies, and
trading software operated by a broker - dealer to route orders to market centers or direct market access systems.
Long before the internet, technology was already
in play
in the back offices, including:
electronic stock trading in the 70s, the use of mainframe computers to track funds and support
electronic record keeping systems.
The developments are a notable one, given that the past days have seen numerous reports about little - known firms — some of which specialized
in the sale of, say, iced tea or
electronic trading tools — that see their
stock prices jump virtually overnight once they announce that they are moving to develop products or services around the tech.