31:
196:, a company that started as an online brokerage service, soon also launched its own platform aimed at the consumer. These platforms rapidly gained popularity with E-Trade's growth rate at 9% per month in 1999. In the late 2000s, with the emergence of digital tools, a new generation of investment companies started to appear, which began to offer services to assist non-professional investors in trading. In 2007, a multi-asset investment company
1368:
256:(SEC) promulgated Rule 17a-23, which required any registered automated trading platform to report information, including participants, orders, and trades every quarter. Requiring platforms to comply with enhanced pre- and post-trade transparency requirements has provided a stronger incentive for users to trust electronic trading platforms.
307:
To help consumers make decisions about their contracts, trading platforms frequently include recent news. Articles on certain businesses may be included, as well as updated ratings provided by independent companies that focus on particular commodities. The same information that professional traders
284:
Decimalization was instituted in 2001 by the SEC, requiring market makers to value financial instruments by increments of $ 0.01 as opposed to the previous standard of $ .0625. This change significantly lowered margins, providing an incentive for big dealers to utilize electronic management systems
105:
Electronic trading platforms typically stream live market prices on which users can trade and may provide additional trading tools, such as charting packages, news feeds and account management functions. Some platforms have been specifically designed to allow individuals to gain access to financial
271:
to quote prices that were better than their own quotes on Nasdaq. To address this discrepancy, the SEC introduced the Order
Handling Rules in 1996. These rules required stock exchange specialists and Nasdaq market makers to publicly display any price quoted on a proprietary trading system that
238:
During the period from 2001 to 2005, the development and proliferation of trading platforms saw the setting up of dedicated online trading portals, which were electronic online venues with a choice of many electronic trading platforms rather than being restricted to one institution's offering.
298:
Electronic trading platforms frequently provide historical data, including graphs, to help their customers make trading decisions. These diagrams may be expanded to contain a large number of dates and are frequently employed in technical analyses of particular instruments.
215:
Trading systems evolved to allow for live streaming prices and near instant execution of orders as well as using the internet as the underlying network meaning that location became much less relevant. Some electronic trading platforms have built-in scripting tools and even
150:
Financial transactions had traditionally been handled manually, between brokers or counterparties. However, starting in the 1970s, financial transactions started to migrate to electronic trading platforms. Platforms and trading venues included
141:
than the computer system used to execute orders within financial circles. In this case, platform is used to mean a type of computing system or operating environment such as a database or other specific software.
185:
and operated entirely electronically on a computer network. Nasdaq was opened on 8 February 1971. It rapidly gained popularity and by 1992, it accounted for 42% of trade volume in the US.
170:. Early systems would not always provide live streaming prices and instead allowed brokers or clients to place an order which would be confirmed some time later; these were known as '
316:
The user's portfolio can be tracked, which is another function that is frequently seen on trading platforms and can have an impact on trades based on a trader's past performance.
1323:
166:
The first electronic trading platforms were typically associated with stock exchanges and allowed brokers to place orders remotely using private dedicated networks and
1212:
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182:
728:"Critical Success Factors for Stock Brokerage over the Internet: An Exploratory Study in the Brazilian Market under the Perspective of the Investor"
276:
to display the size and price of any customer limit order that either increased size at the quoted price or improved the market maker's quotation.
253:
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and available for
Windows, Mac, Linux, iOS and Android, making market entry easier and helping with the surge in Retail Investing.
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745:
Chaudhry, Sayan; Kulkarni, Chinmay (2021-06-28). "Design
Patterns of Investing Apps and Their Effects on Investing Behaviors".
695:
1318:
94:. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional
1207:
102:
and telephone-based trading. Sometimes the term trading platform is also used in reference to the trading software alone.
357:
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188:
With the advent of electronic financial markets, electronic trading platforms were also soon launched. In 1992,
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of the electronic trading platforms could be used to place various orders and were also sometimes called
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235:(though this may be a misuse of the term, as some refer to the specialized PBX phones used by traders).
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171:
58:
or directly between the participants or members of the trading platform. This includes products such as
54:. Various financial products can be traded by the trading platform, over a communication network with a
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have access to is available to retail traders on different applications due to specialized news.
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represented an improvement of their displayed prices. Another order handling rule required a
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110:. They may also be designed to automatically trade specific strategies based on
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657:"Speed, distance, and electronic trading: New evidence on why location matters"
106:
markets that could formerly only be accessed by specialist trading firms using
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566:"Israeli social trading firm eToro raises $ 100 million in private funding"
396:
Citadel
Securities' Mecane Says Volatility Behind Rise in Retail Investing
1166:
1151:
990:
947:
937:
440:"Adoption of electronic trading at the International Securities Exchange"
268:
17:
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133:
The term 'trading platform' is generally used to avoid confusion with '
519:"The Rise of Computerized High Frequency Trading: Use and Controversy"
1298:
1111:
1096:
1070:
831:
208:, and other types of trading services. In 2017, the bitcoin exchange
178:
776:
637:
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became the first electronic trading platform to reach the market.
59:
29:
697:
Electronic and
Algorithmic Trading Technology: The Complete Guide
1217:
1050:
1010:
780:
592:"US government appeals approval of Voyager sale to Binance.US"
228:
217:
638:"The Regulation of Trading Markets: A Survey and Evaluation"
732:
Association for
Information Systems AIS Electronic Library
636:
Mahoney, Paul G.; Rauterberg, Gabriel V. (19 April 2017).
642:
Virginia Law and
Economics Research Paper No. 2017-07
726:
de Campos Costa, Allan; Joia, Luiz (December 2003).
1291:
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1200:
1084:
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819:
812:
78:and others, with a financial intermediary such as
1324:List of mutual-fund families in the United States
285:and eventually leading to lowered trading costs.
34:An electronic trading platform being used at the
615:Wu, Jennifer; Siegel, Michael; Manion, Joshua.
1213:Citibank International Personal Bank Singapore
792:
747:Designing Interactive Systems Conference 2021
8:
480:, §§2:25–2:29 (Thomson West, 2013–2014 ed.).
816:
799:
785:
777:
183:National Association of Securities Dealers
137:' which is more often associated with the
754:
478:Soft Dollars and Other Trading Activities
220:allowing traders to develop automatic or
121:Electronic trading platforms are usually
617:"Online Trading: An Internet Revolution"
545:"Online Trading: An Internet Revolution"
385:
254:U.S. Securities and Exchange Commission
27:Software for trading financial products
721:
719:
717:
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629:
446:. Economics and Information Systems.
7:
655:Garvey, Ryan; Wu, Fei (2010-11-01).
538:
536:
512:
510:
25:
517:McGowan, Michael J. (2010–2011).
267:led some Nasdaq market makers on
153:electronic communication networks
1367:
1366:
523:Duke Law & Technology Review
331:Electronic communication network
590:Knauth, Dietrich (2023-03-10).
1319:List of asset management firms
438:Weber, Bruce W. (2006-05-01).
393:Mecane, Joseph (9 July 2020),
1:
1393:Electronic trading platforms
673:10.1016/j.finmar.2010.07.001
661:Journal of Financial Markets
1304:Electronic trading platform
694:Kim, Kendall (2010-07-27).
358:Technical analysis software
352:Straight-through processing
157:alternative trading systems
44:electronic trading platform
1419:
1372:Category:Online brokerages
543:Wu, Jennifer (June 1999).
139:trading method or strategy
1362:
749:. ACM. pp. 777–788.
456:10.1016/j.dss.2004.10.006
347:Stock market data systems
200:was founded, focusing on
444:Decision Support Systems
326:Automated trading system
229:graphical user interface
756:10.1145/3461778.3462008
48:online trading platform
373:High-frequency trading
342:Single-dealer platform
116:high-frequency trading
56:financial intermediary
52:financial intermediary
39:
337:Retail forex platform
248:Information Reporting
33:
1314:Fundamental analysis
1309:Financial innovation
1157:Interactive Investor
1006:Firstrade Securities
1001:Fidelity Investments
842:RBC Direct Investing
265:Market fragmentation
260:Order Handling Rules
224:systems and robots.
146:Historic development
108:direct market access
1016:Interactive Brokers
943:Reliance Securities
847:TD Direct Investing
495:Business News Daily
417:"Trading Platforms"
222:algorithmic trading
181:was created by the
1349:Technical analysis
1182:Standard Chartered
1066:The Vanguard Group
700:. Academic Press.
419:. IBS Intelligence
312:Portfolio tracking
112:technical analysis
40:
1403:Online brokerages
1380:
1379:
1287:
1286:
1147:HSBC InvestDirect
807:Online brokerages
766:978-1-4503-8476-6
707:978-0-08-054886-9
491:"What Is NASDAQ?"
174:' based systems.
172:request for quote
46:also known as an
16:(Redirected from
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1370:
1369:
1354:Trading strategy
1036:Moomoo (company)
923:Kotak Securities
898:Geojit Financial
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88:Investment banks
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1339:Stock valuation
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918:Karvy Corporate
903:HDFC securities
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852:Virtual Brokers
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294:Historical data
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233:trading turrets
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123:mobile-friendly
92:stock exchanges
42:In finance, an
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974:Charles Schwab
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913:India Infoline
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450:(4): 728–746.
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368:Trading system
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206:social trading
168:dumb terminals
163:" and others.
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135:trading system
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36:Deutsche Börse
26:
24:
14:
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873:Angel Broking
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252:In 1995, the
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213:
212:was founded.
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96:floor trading
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84:market makers
81:
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69:
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61:
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53:
49:
45:
37:
32:
19:
1303:
1259:Alpari Group
1243:UOB-Kay Hian
1208:Citibank UAE
1061:U.S. Bancorp
1056:TradeStation
1031:Merrill Edge
857:Wealthsimple
746:
740:
731:
696:
689:
664:
660:
650:
641:
610:
599:. Retrieved
595:
585:
574:. Retrieved
572:. 2018-03-23
569:
560:
551:
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522:
498:. Retrieved
494:
485:
477:
472:
447:
443:
433:
421:. Retrieved
411:
401:, retrieved
395:
388:
363:Trading room
315:
306:
303:Current news
297:
283:
274:market maker
263:
251:
237:
226:
214:
202:copy trading
187:
176:
165:
149:
132:
120:
104:
47:
43:
41:
1344:Stockbroker
1329:Market data
1274:Pepperstone
1233:Monex Group
1107:CMC Markets
1092:ActivTrades
979:Thinkorswim
908:ICICIdirect
878:Axis Direct
827:CIBC Mellon
243:Regulations
227:The client
100:open outcry
76:derivatives
72:commodities
1387:Categories
1223:IC Markets
1187:Swissquote
1132:FinecoBank
1076:WellsTrade
1026:M1 Finance
1021:Lightspeed
986:Chase Bank
893:FundsIndia
601:2023-05-21
576:2023-05-21
500:2023-04-18
403:2023-04-18
380:References
161:dark pools
68:currencies
1252:Elsewhere
1238:OCBC Bank
1177:Saxo Bank
1142:Freetrade
1046:Robinhood
953:Sharekhan
928:Kuvera.in
888:Edelweiss
837:Questrade
813:Companies
681:1386-4181
464:0167-9236
177:In 1971,
129:Etymology
114:or to do
1292:Concepts
1167:OTP Bank
1152:IG Group
1117:Doorstep
991:Citibank
948:Religare
938:Scripbox
320:See also
289:Features
269:Instinet
18:Etrading
1264:CommSec
1228:Maybank
1172:Plus500
1162:Nordnet
996:E-Trade
596:Reuters
570:Reuters
423:10 June
210:Binance
194:E-Trade
80:brokers
1299:Broker
1112:Degiro
1097:Avanza
1085:Europe
1071:Webull
832:Qtrade
820:Canada
763:
704:
679:
462:
190:Globex
179:Nasdaq
98:using
60:stocks
1279:Stake
1269:FxPro
1127:eToro
883:Dhani
866:India
620:(PDF)
548:(PDF)
375:(HFT)
354:(STP)
333:(ECN)
198:eToro
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1218:Futu
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