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The Rise Of Internet Share Trading
Author : Juelialos Kodahooa
Utilizing internet share trading doesn't go back nearly as far as traditional share market trading simply because the internet has only been widely used for the past 20 or so years. Before the internet you'd need to use a stockbroker in order to make your trade and this trade would happen over the phone. The very first web services for the share market were tailored directly for the finance industry businesses and not individual investors.
The very first internet trading service was developed by CompuServe in 1979 and was only for companies as internet usage was not accessible to people at this time. Nevertheless as the internet started to be more affordable and accessible to all other services and treading tools became accessible to the public and not just businesses within the finance industry.
The first internet online industry was created by a dentist from a program created by the company Trade*Plus. This industry was created in 1983 and eventually Trade*Plus became huge in Silicon Valley and changed its name to E-Trade group. A number of other companies began developing their own online trading providers that has been very successful.
Nevertheless with all of this internet improvement the first stock trade that did not require an actual broker was not available till 1996 with the development of eBroker. With the rise of internet trading came discount online brokerage houses such as Schwab. These discount services offer 24 hour quote providers and live online trading.
Online trading had much lower costs then previously and in the 1990s almost anyone could make money trading within the stock market. Today most individuals use online share services to invest their money and these online services offer options so which you can make the industry yourself, have a broker make the trade all through the web.
When compared towards the history of the share market which was created throughout the second half of the 1800s and investing was common long prior to this, internet trading is nevertheless young so there is still plenty of room for improvement and new applications for online trading.
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Tags: stocks, stock trading, finance, investing money
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Submitted : 2011-02-15 Word Count : 870 Times Viewed: 216