Evolution of Market Technology
The Evolution of Market Technology
Audio: The Evolution of Market Technology
Recommended Readings
The Physical Stock Ticker Is a Relic, But Its Influence Reverberates Loudly Today. Lewis, D. (2016, November 15). Retrieved July 10, 2020 from https://www.smithsonianmag.com/smart-news/the-physical-stock-ticker-is-a-relic-but-its-influence-reverberates-loudly-today-180961092/
History of Financial Markets. Elliotwavemarkets.com. (n.d.). Retrieved June 23, 2020, from https://ewminteractive.com/wp-content/uploads/2014/08/History-of-Financial-markets.png
Tools of The Trade: An Historical Look at Technology and Commerce. Computer History Museum. Retrieved July 10, 2020 from https://computerhistory.org/blog/tools-of-the-trade-an-historical-look-at-technology-and-commerce/
Electronic Trading. Pfeffer, I. (n.d.). Britannica Book of the Year. Retrieved July 10, 2020 from https://www.britannica.com/topic/Electronic-Trading-1517831
Check Your Understanding
Q1: The earliest electrical communications medium specifically dedicated to the financial sector was the:
a) Transatlantic Telegraph Cableb) Stock ticker (ticker tape)c) Stock Exchange Automated Quotation Systemd) Intermarket Trading System
Q2: True or False? An Intermarket Trading System is a computerized system that automatically matches buy and sell orders for securities in the market.
a) Trueb) False
Q3: True or False? The desire for faster access to market information has been a primary driver for many developments in trading technology.
a) Trueb) False
Market Speed
Video: The Importance of Speed
Check Your Understanding
Q: In modern stock exchanges, why has market speed become so important? What factors can give a trader an edge over the competition? Highlight a specific market technology and why it’s important.