Electronic Trading in Stock Markets

  title={Electronic Trading in Stock Markets},
  author={Hans R. Stoll},
  journal={Economics of Networks},
  • H. Stoll
  • Published 2006
  • Business
  • Economics of Networks
Modern trading technology clashes with the traditional organization of a stock exchange, where transactions were consummated via face-to-face negotiation. The modern trading facility is no longer a place. Rather, it is a computer system over which transactions are entered, routed, executed and cleared electronically with little or no human intervention. In this article, I examine how electronic trading has altered stock markets. I begin with an overview of how the stock trading process works… Expand
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