A Brief History Of Internet Stock Trading
Internet stock trading does not have an overly extensive history as normally you would need to place an order with a stock broker and then that broker would obtain or sell the desired stock. All internet services were first tailored specifically to the finance industry and not the customer or individual that wanted to invest themselves.
The very first services for internet trading were created in 1979 by CompuServe. Businesses only used these services because the public was not yet using the internet as they do presently. Eventually internet trading services have developed to be used by the public and these services progressed as technology improved and internet usage soared.
The first internet online trade was made by a dentist from a program created by the company Trade*Plus. This trade was made in 1983 and eventually Trade*Plus became huge in Silicon Valley and changed its name to E-Trade group. Several other companies began developing their own online trading services that has been very successful.
However with all of this internet development the first stock trade that did not require an actual broker was not available until 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 services and live online trading.
Online trading had much lower costs then previously and in the 1990s almost anyone could make money trading in the stock market. Today most individuals use online stock services to invest their money and these online services offer options so that you can make the trade yourself, have a broker make the trade all through the internet.
When compared to the history of the stock market which was developed during the second half of the 1800s and investing was common long before this, internet trading is still young so there is still plenty of room for improvement and new applications for online trading.
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