Modern Day Electronic Trading Analysis

With the stock market being one of the most difficult trades to learn, it remains noteworthy to come across someone who knows how to trade stocks. This remains attributed to the fact that stocks involve a lot of speculative information. However, the benefits remain fruitful for the people willing to engage in such high-risk investing. With that being said, Igor Cornelsen remains a prominent figure in the investment community. Moreover, Igor possesses years of expertise and has demonstrated his "know how" of trading stocks.

Also, 14% of the financial transactions online are equity trades and Edward Jones is missing out on all the volumes through this channels. The case talks about the “self-directed” investors and the “validators” and Edward Jones is losing out on the business from this class of customers by not allowing on line trading.

When I moved to Unites States,I was little nervous and excited at the same time. It was definitely a giant step for me. I knew that studying in Unites States, could provide me with greater opportunities. So, I decided to give it a shot. For some reason, I always liked business. I can't really tell you why. After reading a book called "The naked trader". I knew, that I wanted to get involve in business. I started reading and learning more about it.

In 1971, the situation improved when America’s first virtual stock exchange, or NASDAQ as it is commonly known, was created. Although its potential was not immediately recognized by the average American, NASDAQ’s implementation created a whole new world of investing for the small investor. Arguably the most notable of these historical financial changes occurred in 1975, when Washington deregulated commission rates on brokerage accounts. The Securities and Exchange Commission (SEC) deemed standard commission rates to be illegal, and the result was that discount brokers could offer reduced commission rates. Prior to the SEC’s ruling, commission rates were fixed at one percent. This shift in power opened a clear pathway for personal financing to develop, as competitive rates offered investors more options. Since 1975 to the present, the evolution of the markets has quickened and day trading has taken off, particularly in the last decade. Day trading is now so popular that it has become a way of life for many Americans and often consumes almost every aspect of daily life. Although this new found independence may be viewed by many as a good thing, it is hardly recommended for the faint of heart.

Financial markets can have several different meaning to many people. They are found all over the world. Some are small and some are large. For example, the New York Stock Exchange, which trade trillions of dollars daily. A financial market is a place where buyers and sellers trade financial securities and other assets.Here, the groups of agents meet to exchange their goods or services. The first group is referred to as lenders, while the second group is referred to as the borrowers of funds. Financial markets typically have “transparent pricing, basic regulations and governing bodies, costs and fee and prices determine by supply and demand.” If the demand remains steady, the supply increases as the prices decline and vice versa. If the supply remains steady, the demand rises as the prices rises and vice versa (Ireland, 2013).

Here at Erie, our vision is to be the recognized industry leader in both the high tech and low tech industries by offering affordable, yet well positioned products to consumers. The first of our priorities is to deliver the lowest priced sensors to the market in a way that profits the company. We will measure our success by monitoring our market share, profits, margins and the overall position of our company. Our goal is to have 20% of the overall market share after three years. Within a two year time horizon, Erie 3 expects minimal returns in exchange for future profitability, as company resources will be allocated towards developing a sustainable position within the market. Looking forward to 2025, Eire 3 plans to be a leader in market

Stock Exchange was formed trading equities auctions style. The market was in good health and around 1930 the traditional way stocks was to research them using fundamental-analysis, which analyzed a company’s health by examining their historical metrics. This changed in 1951, Harry Markowitz applied mathematical concepts to the market, which helped create algorithms that could calculate several different stocks simultaneously. By the early 1970s the markets started moving away from the traditional auctions to Electronic Communication Networks *. Algorithm trading presents series of problems, a few for each side of the playing field, so individuals are not safe playing with them or against them.

Formed in 1971 and listed in March 1997, Ameritrade has been one of the most successful players in the deep- discount brokerage sector. Ameritrade’s two major sources of revenue, Transaction income (brokerage commissions, clearing fees, and payment for order flow) and Net interest revenues that were generated from net balance of customers’ brokerage accounts and the investment of customer’s cash segregated in compliance with federal regulations in short term marketable securities contributes over 90% of its revenue.

Until the Flash Crash in 2010, only few people were bothered by high frequency traders (HFT). As it has caught our attention, the damage HFT firms could do to our market, people such as Michael Lewis have started questioning if HFT should be allowed to exist in the market in the first place. Prospects of the US Securities and Exchange Commission (SEC) passing new regulations limiting these firms have become increasingly appealing to a diverse group of brokers, investors and alike. In Present Shock Rushkoff criticizes that these firms (or algorithms) do not care about the businesses they invest in and are more concerned in turning time into money. But HFT isn’t a

The deregulation of finances and innovation by investors has created a highly technological financial system that is freely accessed on a global basis. The deregulation of the financial sector and the internationalization of financial markets are now made effortless through the ability to use instant telecommunications.

In order to find the daily and annualized return for Microsoft, the daily market closes are taken from 3rd March 1986. Based on this, the daily returns for each day have been taken till 17th March 2015. These daily returns are then average to lead to a daily average return of 0.05% for the stock. When this amount is annualized, it leads to an annualized return of around 19.75% for the stock. In order to find the daily return for the market, the NASDAQ index has been taken. This is used as a proxy for the market as Microsoft is listed in the NASDAQ Index. The same process is applied where the daily returns for the index are found based on closing prices and then those returns are averaged over the period considered. These daily returns are then annualized.

Nasdaq’s worldwide clients have the market insights and resources required for market transparency and informed trading, investment and valuation decisions. This is possible through their Intel Segment’s market data, Global Index and Corporate Solutions. Nasdaq has around 41,000 global indexes, which most closely monitored. The companies composing these indexes signify more than 98% of the global equity investable marketplace. Nasdaq was amongst the first in the US to offer stand-alone data services customized for modern trader’s needs as the data developed into the lifeline of the trade. Nasdaq’s market-data services range from real-time data and web reports to plug-and-play technology for instant access to data market data. Nasdaq continues to redefine the interaction between indexers, investors, sponsors and exchanges, and global

With a heavy increase in the number of online trading account holders, which rose from 20 million in 2012 to nearly 24 million in 2014, the IT sector has realized the potential that is available to exploit. Also, with internet continuously reaching sky-high numbers in terms of consumers, the nature of the financial services has dramatically changed. Online trading accounts removed the need for maintaining the necessary trading documents and certificates as an alternate trouble-free path via the internet.

Totally proficient stock exchanges are non-existent obviously yet this improvement helps us to better comprehend what is going ahead in the genuine world.in the not so distant future I will attempt to exhibit (and picture) how we can tell the securities exchanges are getting more effective.

The stock market, which comprises various stock exchanges, plays a leading role in the function of the financial market (Dziawgo, 2012, p.60). Since there are a great number of issues such as stock market crashes and the bursting of other financial bubbles, Vietnam still has a number of crucial challenges to attend to. In this research project, the researcher will outline the historical background of the American and Vietnamese Stock markets, and investigate the major differences between the HSX and NYSE, in terms of operations and trading systems. Through gathering this information, the researcher will be able to recommend what HSX can learn from NYSE to improve the Vietnamese stock exchange in the foreseeable future.