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A Brief History Of Internet Stock Trading
A Brief Background Of Web Share Trading
Web stock trading doesn’t have an overly extensive background as normally you would need to place an order with a share broker and then that broker would obtain or sell the desired stock. All web services had been very first tailored specifically to the finance industry and not the customer or individual that wanted to invest themselves.
The very first web trading service was created by CompuServe in 1979 and was only for companies as internet usage was not accessible to people at this time. Nevertheless as the web became more affordable and accessible to all other providers and treading tools became accessible to the public and not just businesses within the finance industry.
The first internet online industry was made by a dentist from a program produced by the company Trade*Plus. This trade was created in 1983 and eventually Trade*Plus started to be huge in Silicon Valley and changed its name to E-Trade group. A number of other companies began developing their own online trading services that has been very prosperous.
Nevertheless with all of this internet development the very first stock industry that did not require an actual broker was not available until 1996 with the improvement of eBroker. With the rise of web trading came discount online brokerage houses such as Schwab. These discount services offer 24 hour quote providers and live online trading.
Online trading also became more popular because the costs of making a trade decreased significantly as you no [[longer]] had to deal with broker fees, which can be expensive. This public access towards the share market made more people use the stock market for investment and also gave the public a way to personally deal with their money themselves.
Internet trading has come a long way and it still has plenty of room for development, so it will be interesting to see what the future brings.
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