Stock trading online wikipedia
An online trading community provides participants with a structured method for trading, bartering, or selling goods and services. These communities often have forums and chatrooms designed to facilitate communication between the members. An online trading community can be likened electronic equivalent of a bazaarflea marketor garage sale. One of the earliest trading sites on the internet with exception to eBay which accepts cash transactions for all goods was Game Trading Zone.
The domain name ugtz. The database helped traders by showing them a list of potential trading matches, and showed historical stock trading online wikipedia as well. A formal trading community consists of a website or network of websites that facilitate and track trade transactions.
Some websites, such as the video game trading site Goozexcharge transactional fees per trade, while other similar sites such as GameTZ do not. There are several community based websites that have a broader stock trading online wikipedia and lend themselves to a trading environment.
Some online trading communities have the specific rules adopted by the users of stock trading online wikipedia community, and though they can differ most have settled upon a few standard practices:. A trading circle is a form of online trading designed to facilitate viewing of stock trading online wikipedia series and episodic media. Each member stock trading online wikipedia to pass an episode on to the next member in a timely fashion, thereby allowing all members of the group to view the series.
This communal trading method is also used by special interest clubs. Some of these groups among many include anime clubs. Within global financial markets, an online trading portal is a portal that aggregates a significant number of online trading platforms to give investorsstock trading online wikipedia are part the online trading community, a greater stock trading online wikipedia of trading platforms and thereby a greater choice of stock exchanges throughout the world, in keeping with their specific trading skills.
From Wikipedia, the free encyclopedia. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. January Learn how and when to remove this template message. This section does not cite any sources. Please help improve this section by adding citations to reliable sources. November Learn how and when to remove this template message.
Digital distribution E-books Software Streaming media. Call centre Help desk Live support software.
Electronic or scripless tradingsometimes called e-trading or paperless trading is a method of trading securities such as stocksand bondsforeign exchange or financial derivatives electronically. Information technology is used to bring together buyers and sellers through an electronic trading platform and network to create virtual market places.
Electronic trading is in contrast to older floor trading and phone trading and has a number of advantages, but glitches and cancelled trades do still occur. For stock trading online wikipedia years stock exchanges were physical locations where buyers and sellers met and stock trading online wikipedia. Exchange trading would typically happen on the floor of an exchange, where traders in brightly colored jackets to identify which firm they worked for would shout and gesticulate at one another stock trading online wikipedia a process known as open outcry or pit trading the exchange floors were often pit-shaped — circular, sloping downwards to the centre, so that the traders could see one stock trading online wikipedia.
With the improvement in communications technology in the late 20th century, the need for a physical location became less important and traders started to transact from remote locations in what became known as electronic trading.
Set up inNASDAQ was the world's first electronic stock market, though it originally operated as an electronic bulletin board [ citation needed stock trading online wikipediarather than offering straight-through processing STP.
By investment firms on both the buy side and stock trading online wikipedia side were increasing their spending on technology stock trading online wikipedia electronic trading. Traders also increasingly started to rely on algorithms to analyze market conditions and then execute their orders automatically.
The move to electronic trading compared to floor trading continued to increase with many of the major exchanges around the world moving from floor trading to completely electronic trading. While the majority of retail trading in the United States happens over stock trading online wikipedia Internet, retail trading volumes are dwarfed by institutional, inter-dealer and exchange trading. However, in developing economies, especially in Asia, retail trading constitutes stock trading online wikipedia significant portion of overall trading volume .
For instruments which are not exchange-traded e. US treasury bondsthe inter-dealer market substitutes for the exchange. This is where dealers trade directly with one another or through inter-dealer brokers i. They acted as middle-men between dealers such as investment banks.
This type of trading traditionally took place over the phone but brokers moved to offering electronic trading services instead. Similarly, B2C trading traditionally happened over the phone and, while some still does, more brokers are allowing their clients to place orders using electronic systems. Many retail or "discount" brokers e. Charles SchwabE-Trade went online during the late s and most retail stock-broking probably takes place over the web now.
Larger institutional clients, however, will generally place electronic orders via proprietary electronic trading platforms such as Bloomberg TerminalReuters XtraThomson Reuters EikonBondsPro, Thomson TradeWeb or CanDeal which connect institutional clients to several dealersor using their brokers' proprietary software. For stock trading, the process of connecting counterparties through electronic trading is supported by the Financial Information eXchange FIX Protocol.
Used by the vast majority of exchanges and traders, the FIX Protocol is the industry standard for pre-trade messaging and trade execution. While the FIX Protocol was developed for trading stocks, it has been further developed to accommodate commodities,  foreign exchange,  derivatives,  and fixed income  trading.
For retail investors, financial services on the web offer great stock trading online wikipedia. The primary benefit is the reduced cost of transactions for all stock trading online wikipedia as well as the ease and the convenience. Web -driven financial transactions bypass traditional hurdles such as logistics. Exchanges typically develop their own systems sometimes referred to as matching enginesalthough sometimes an exchange will use another exchange's technology e.
Exchanges and ECNs generally offer two methods of accessing their systems —. From an infrastructure point of view, most exchanges will provide "gateways" which sit on a company's network, acting in a manner similar to a proxyconnecting back to the exchange's central system. Many brokers develop their own systems, although there are some third-party solutions providers specializing in this area.
Some banks will develop their own electronic trading systems in-house, but this can be costly, especially when they need to connect to many exchanges, ECNs and brokers. Stock trading online wikipedia are a number of companies offering solutions in this area. Many types of algorithmic or automated trading activities can be described as high-frequency trading HFTwhich is a specialized form of algorithmic trading characterized by high turnover and high order-to-trade ratios.
From Wikipedia, the free encyclopedia. Not to be confused with E-Trade. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
Unsourced material may be challenged and removed. September Learn how and when to remove this template message. Retrieved 29 October The Wall Street Journal. The New York Times. Retrieved July 8, Retrieved October 4, A Report on the 9. Archived from the original on Retrieved from " https: Financial markets Stock market E-commerce Electronic trading systems.
Articles needing additional references from September All articles needing additional references All articles with unsourced statements Articles with unsourced statements from October Views Read Edit View history.