The NYSE says they "are dedicated to maintaining the most efficient and technologically advanced marketplace in the world." The key to that leadership has been the state-of-the-art technology and systems development. Technology serves to support and enhance the human judgement at point-of-sale.
NASDAQ, the world's first fully electronic stock market, started trading on February 8th, 1971. Today, it is the fastest growing stock market in the United States. It alo ranks second among the world's securities in terms of dollar value. By constantly evolving to meet the changing needs of investors and public companies, NASDAQ has achieved more than almost any other market, in a shorter period of time.
Technology has also helped investors buy stocks in other markets. Markets used to open at standard local times. This would cause an American trader to sleep through the majority of a Japanese trading day. With more online and afterhours trading, investors have more access to markets so that American traders can still trade Japanese stocks. This is also helped by an expansion of most market times. Afterhours trading is available from most online trading firms.
For investing specialists, technology provides operational capability for handling more stocks and greatly increased volumes of trading. Specialists can follow additional sources of market information, and multiple trading and post-trade functions, all on "one screen" at work or at home. They are also given interfaces to "upstairs" risk-management systems. They also have flexiblity... [continues]
Cite This Essay
(1999, 10). Technology and the Stock Market. StudyMode.com. Retrieved 10, 1999, from http://www.studymode.com/essays/Technology-Stock-Market-10708.html
"Technology and the Stock Market" StudyMode.com. 10 1999. 10 1999 <http://www.studymode.com/essays/Technology-Stock-Market-10708.html>.
"Technology and the Stock Market." StudyMode.com. 10, 1999. Accessed 10, 1999. http://www.studymode.com/essays/Technology-Stock-Market-10708.html.