By Darren Brown New York Stock Exchange 1920 1970 2013 Pencil and Paper Prices put on wall manually All trades made on floor Introduction of telephone Trades allowed to be called in Invention of computers ID: 272718
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How Technology has Effected Trading in Finance By Darren Brown
New York
Stock Exchange
1920
1970
2013
Pencil and Paper.
Prices put on wall manually.
All trades made on floor.
Introduction of telephone.
Trades allowed to be called in.
Invention of computers.
Easier record keeping and calculations.
Internet is created.
Stocks can be viewed online by trading professionals.
Online Trading makes it’s debut.
“Day Traders” enter the market.New Online Trading Industry (ETRADE, Charles Schwab, etc.)
1900
2013
1920’s
1950’s
1980’s
Late
1990’s
Positive correlation between the NYSE trading volume and DART’s of ETRADE and Charles Schwab.
Daily Average Revenue Trades for both ETRADE and Charles Schwab correlate with
Nasdaq
and S+P 500.
In 2000, all three graphs spike just prior to significant drop in 2001 (due to 9/11).
Steady increase from 2002 to 2008 until housing bubble burst.ETRADE and Charles Schwab DART’s affected much less by the 2008 crisis than the Nasdaq and S+P 500 market indexes.
NYSE
Average Annual Trading Volume