Technology and the Stock Market
The purpose of this research paper is to prove that technology has been good for the stock market. Thanks to technology, there are now more traders than ever because of the ease of trading online with firms such as Auditrade and Ameritrade. There are also more stocks that are doing well because they are in the technology field. The New York Stock Exchange and NASDAQ have both benefitted from the recent technological movement. 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
Companies listed on the NYSE are provided with an electronic link so they may analyze daily trading in their stock, and compare market performance during various time periods. It shows trades and quotes for each stock. Also supported are the fair, orderly, and deeply liquid markets which institutions require in order to allocate the funds they have under management whether placing orders in size for individual stocks (block orders) or executing programs (a series of up to 500 orders usually related to an index). Member organizations get faster order handling and associated reports to their customers, along with speedier and enhanced market information. Afterhours trading is available from most online trading firms. They are also given interfaces to "upstairs" risk-management systems. SuperDot can currently process about 2. The list of information sources is going to continue expanding. They also have a regulatory environment, which assures member organiztions that their customers, large and small, can trade with confidence. The "Hospital Arm" Monitor is suspended for convenient viewing by specialists. Another piece of machinery is the Broker Booth Support System. The Hand-Held is a mobile, hand-held device that enables brokers to recieve orders, disseminate reports, and send market "looks" in both data and image format, from anywhere on the trading floor. There are great advantages to trading today over the situation that past traders had. ITS allows NYSE and NASDAQ specialists and brokers to compare the price of a security traded on multiple exchanges in order to get the best price for the investor. Floor brokers are helped with supports for an industry-wide effort to compare buy/sell contracts for accuracy shortly after the trade.
Common topics in this essay:
Exchange NASDAQ,
System BBSS,
NYSE NASDAQ,
Display Book,
Tape System,
Arm Monitor,
,
Trading System,
Auditrade Ameritrade,
trading floor,
stock market,
trading floor operations,
enhanced information,
market information,
using wireless,
overhead crowd,
auction market,
afterhours trading,
floor operations,
daily trading,
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Acceptance Essays
