Electronic Trading in Stock Markets

@article{Stoll2006ElectronicTI,
  title={Electronic Trading in Stock Markets},
  author={H. Stoll},
  journal={Economics of Networks},
  year={2006}
}
  • 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… CONTINUE READING
    127 Citations
    The Electronic Trading Systems and Bid-Ask Spreads in the Foreign Exchange Market
    • 19
    • Highly Influenced
    • PDF
    Liquidity in Asset Markets with Search Frictions
    • 363
    • PDF