Electronic trading brokers
Not to be confused with E-Trade. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources.
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Articles needing additional references from September All articles needing additional references All articles with unsourced statements Articles with unsourced statements from October Views Read Edit View history. This page was last edited on 1 December , at For stock trading, the process of connecting counterparties through electronic trading is supported by the Financial Information eXchange FIX Protocol.
Used by the vast majority of exchanges and traders, the FIX Protocol is the industry standard for pre-trade messaging and trade execution. While the FIX Protocol was developed for trading stocks, it has been further developed to accommodate commodities,  foreign exchange,  derivatives,  and fixed income  trading.
For retail investors, financial services on the web offer great benefits. The primary benefit is the reduced cost of transactions for all concerned as well as the ease and the convenience.
Web -driven financial transactions bypass traditional hurdles such as logistics. Exchanges typically develop their own systems sometimes referred to as matching engines , although sometimes an exchange will use another exchange's technology e. Exchanges and ECNs generally offer two methods of accessing their systems —. From an infrastructure point of view, most exchanges will provide "gateways" which sit on a company's network, acting in a manner similar to a proxy , connecting back to the exchange's central system.
Many brokers develop their own systems, although there are some third-party solutions providers specializing in this area. Some banks will develop their own electronic trading systems in-house, but this can be costly, especially when they need to connect to many exchanges, ECNs and brokers.
There are a number of companies offering solutions in this area. Many types of algorithmic or automated trading activities can be described as high-frequency trading HFT , which is a specialized form of algorithmic trading characterized by high turnover and high order-to-trade ratios. From Wikipedia, the free encyclopedia.
Not to be confused with E-Trade. This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Some electronic trading platforms have built in scripting tools and even APIs allowing traders to develop automatic or algorithmic trading systems and robots. The client graphical user interface of the electronic trading platforms can be used to place various orders and are also sometimes called trading turrets though this may be a misuse of the term, as some refer to the specialized PBX phones used by traders.
During the period from to , 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.
From Wikipedia, the free encyclopedia. Retrieved 10 June Retrieved from " https: Electronic trading platforms Share trading. All articles with unsourced statements Articles with unsourced statements from September Articles with unsourced statements from March