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Explain How Technology Has Changed The Stock Market

852 Words4 Pages

Tatiana Neumeyer
Ms. Sharp
English 2, Period 2
22 December 2017
Technology has Changed the Stock Market Did you know that the best day to invest in the stock market is wednesday?
“The stock market today can be traced back to Amsterdam in 1602, when the Dutch became the world’s first “publicly traded” company” (Jeff Desjardins). “Over 4 centuries later, the stock market has not changed from the earliest exchange found in Amsterdam. Modern computing and the internet have sped up transactions so they can be accomplished in a thousands of a second, but the spine of the market has not changed at all”(Desjardins). While newer stock transfer technology is used today, the same model from years ago remain which can create multiple industry problems. Technology improves the stock market, by online trading and the …show more content…

Technology speeds up the process of trading world wide in the stock market.¨ Investors in the stock market, wether through individual shares or funds, face the threat of major losses and disruption from hackers, according to a number of Wall Street investors” (Wall Street Journal). There has only been one attempt but they never seceded the SEC ( Securities and Exchange Commision) stopped them before they could do anything. ¨Sixteen microseconds. That is how long it takes for a share trade to be completed using a system built by Algo Technologies, a US-based trading technology company¨ (Jeremy Grant). Sixteen microseconds is equal to 1.6 seconds that is crazy fast to have traded your shares across the world. The amount of time it takes to transfer information across the world equals to the average person blinking twice. Speed plays an important role in the stock market because the stock market

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