Certificates and Computers: The Remaking of Wall Street, 1967 to 1971

@article{Wells2000CertificatesAC,
  title={Certificates and Computers: The Remaking of Wall Street, 1967 to 1971},
  author={Wyatt C. Wells},
  journal={Business History Review},
  year={2000},
  volume={74},
  pages={193 - 235}
}
Events in the late 1960s reshaped the securities industry. Trading volume increased sharply, with the number of shares changing hands on the New York Exchange growing from five million a day in 1965 to twelve million a day in 1968. This expansion overwhelmed the mechanisms brokers used to transfer securities and keep records, which relied heavily on paper and pen. They responded by purchasing computers, but these machines were expensive and demanded more sophisticated management than most firms… Expand
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