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With the advent of stock market, floor trading has been the norm all around the world. But with growth of modern technology online share trading has replaced floor trading almost all around the world. Earlier trading used to take place through a process known as open outcry. Open outcry is a form of communication between sellers and buyers on a stock exchange through various hand signals which transfers information about the sale of shares. New York Mercantile Exchange, the Chicago Board of Trade, the Chicago Mercantile Exchange in the United States are some of the examples where buying and selling of shares takes through open outcry method. London Metal Exchange in the United Kingdom also uses this method. Times have changed, so has the available technology. In this fast paced life, the need of the hour is for cheaper, simpler and a quicker way of trading shares in the stock market. This brings us to the concept of "Online Share Trading" The basic difference between online sahre trading and floor trading is that you don't have to be physically present or make endless calls to your brokers enquiring about the current prices and gathering vital information about the company and |
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