20:
1367:
185:, a company that started as an online brokerage service, soon also launched its own platform aimed at the consumer. These platforms rapidly gained popularity with E-Trade's growth rate at 9% per month in 1999. In the late 2000s, with the emergence of digital tools, a new generation of investment companies started to appear, which began to offer services to assist non-professional investors in trading. In 2007, a multi-asset investment company
245:(SEC) promulgated Rule 17a-23, which required any registered automated trading platform to report information, including participants, orders, and trades every quarter. Requiring platforms to comply with enhanced pre- and post-trade transparency requirements has provided a stronger incentive for users to trust electronic trading platforms.
296:
To help consumers make decisions about their contracts, trading platforms frequently include recent news. Articles on certain businesses may be included, as well as updated ratings provided by independent companies that focus on particular commodities. The same information that professional traders
273:
Decimalization was instituted in 2001 by the SEC, requiring market makers to value financial instruments by increments of $ 0.01 as opposed to the previous standard of $ .0625. This change significantly lowered margins, providing an incentive for big dealers to utilize electronic management systems
94:
Electronic trading platforms typically stream live market prices on which users can trade and may provide additional trading tools, such as charting packages, news feeds and account management functions. Some platforms have been specifically designed to allow individuals to gain access to financial
260:
to quote prices that were better than their own quotes on Nasdaq. To address this discrepancy, the SEC introduced the Order
Handling Rules in 1996. These rules required stock exchange specialists and Nasdaq market makers to publicly display any price quoted on a proprietary trading system that
227:
During the period from 2001 to 2005, the development and proliferation of trading platforms saw the setting up of dedicated online trading portals, which were electronic online venues with a choice of many electronic trading platforms rather than being restricted to one institution's offering.
287:
Electronic trading platforms frequently provide historical data, including graphs, to help their customers make trading decisions. These diagrams may be expanded to contain a large number of dates and are frequently employed in technical analyses of particular instruments.
204:
Trading systems evolved to allow for live streaming prices and near instant execution of orders as well as using the internet as the underlying network meaning that location became much less relevant. Some electronic trading platforms have built-in scripting tools and even
139:
Transactions have traditionally been handled manually, between brokers or counterparties. However, starting in the 1970s, a greater portion of transactions have migrated to electronic trading platforms. These may include
130:
than the computer system used to execute orders within financial circles. In this case, platform is used to mean a type of computing system or operating environment such as a database or other specific software.
174:
and operated entirely electronically on a computer network. Nasdaq was opened on 8 February 1971. It rapidly gained popularity and by 1992, it accounted for 42% of trade volume in the US.
159:. Early systems would not always provide live streaming prices and instead allowed brokers or clients to place an order which would be confirmed some time later; these were known as '
305:
The user's portfolio can be tracked, which is another function that is frequently seen on trading platforms and can have an impact on trades based on a trader's past performance.
155:
The first electronic trading platforms were typically associated with stock exchanges and allowed brokers to place orders remotely using private dedicated networks and
383:
1322:
717:"Critical Success Factors for Stock Brokerage over the Internet: An Exploratory Study in the Brazilian Market under the Perspective of the Investor"
265:
to display the size and price of any customer limit order that either increased size at the quoted price or improved the market maker's quotation.
1201:
580:
787:
405:
171:
114:
and available for
Windows, Mac, Linux, iOS and Android, making market entry easier and helping with the surge in Retail Investing.
507:
242:
734:
Chaudhry, Sayan; Kulkarni, Chinmay (2021-06-28). "Design
Patterns of Investing Apps and Their Effects on Investing Behaviors".
684:
1391:
753:
694:
83:. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional
91:
and telephone-based trading. Sometimes the term trading platform is also used in reference to the trading software alone.
921:
319:
141:
780:
716:
177:
With the advent of electronic financial markets, electronic trading platforms were also soon launched. In 1992,
1317:
39:, is a computer software program that can be used to place orders for financial products over a network with a
1196:
554:
346:
340:
224:(though this may be a misuse of the term, as some refer to the specialized PBX phones used by traders).
47:
or directly between the participants or members of the trading platform. This includes products such as
43:. Various financial products can be traded by the trading platform, over a communication network with a
1401:
1370:
962:
773:
145:
645:
428:
220:
of the electronic trading platforms can be used to place various orders and are also sometimes called
886:
876:
335:
314:
297:
have access to is available to retail traders on different applications due to specialized news.
111:
56:
1396:
1029:
1009:
361:
330:
104:
44:
40:
605:
533:
325:
261:
represented an improvement of their displayed prices. Another order handling rule required a
178:
160:
1312:
1307:
1145:
994:
989:
830:
253:
156:
96:
64:
8:
1004:
931:
210:
1347:
1170:
1105:
1054:
100:
1135:
1034:
749:
690:
665:
479:
448:
24:
1352:
1277:
1024:
911:
739:
657:
440:
127:
1337:
1090:
906:
891:
871:
840:
661:
76:
19:
99:. They may also be designed to automatically trade specific strategies based on
1332:
1216:
1180:
1125:
1110:
957:
901:
646:"Speed, distance, and electronic trading: New evidence on why location matters"
356:
221:
194:
123:
95:
markets that could formerly only be accessed by specialist trading firms using
80:
52:
444:
1385:
861:
835:
669:
452:
84:
68:
744:
1252:
1236:
1049:
1044:
1019:
845:
555:"Israeli social trading firm eToro raises $ 100 million in private funding"
351:
262:
190:
72:
385:
Citadel
Securities' Mecane Says Volatility Behind Rise in Retail Investing
1342:
1327:
1272:
1226:
1095:
1080:
1064:
967:
896:
866:
815:
429:"Adoption of electronic trading at the International Securities Exchange"
88:
1211:
1175:
1120:
1014:
974:
881:
122:
The term 'trading platform' is generally used to avoid confusion with '
508:"The Rise of Computerized High Frequency Trading: Use and Controversy"
1231:
1165:
1130:
941:
916:
825:
197:, and other types of trading services. In 2017, the bitcoin exchange
149:
60:
765:
626:
1155:
1140:
979:
936:
926:
257:
181:
became the first electronic trading platform to reach the market.
1257:
1221:
1160:
1150:
984:
686:
Electronic and
Algorithmic Trading Technology: The Complete Guide
198:
182:
1297:
1262:
1100:
1085:
1059:
820:
167:
581:"US government appeals approval of Voyager sale to Binance.US"
1267:
1115:
186:
48:
627:"The Regulation of Trading Markets: A Survey and Evaluation"
1206:
1039:
999:
721:
Association for
Information Systems AIS Electronic Library
625:
Mahoney, Paul G.; Rauterberg, Gabriel V. (19 April 2017).
217:
206:
631:
Virginia Law and
Economics Research Paper No. 2017-07
715:
de Campos Costa, Allan; Joia, Luiz (December 2003).
714:
67:and others, with a financial intermediary such as
1323:List of mutual-fund families in the United States
624:
274:and eventually leading to lowered trading costs.
23:An electronic trading platform being used at the
1383:
733:
604:Wu, Jennifer; Siegel, Michael; Manion, Joshua.
1202:Citibank International Personal Bank Singapore
781:
736:Designing Interactive Systems Conference 2021
505:
469:, §§2:25–2:29 (Thomson West, 2013–2014 ed.).
788:
774:
603:
172:National Association of Securities Dealers
126:' which is more often associated with the
743:
467:Soft Dollars and Other Trading Activities
209:allowing traders to develop automatic or
110:Electronic trading platforms are usually
643:
606:"Online Trading: An Internet Revolution"
534:"Online Trading: An Internet Revolution"
236:
18:
248:
243:U.S. Securities and Exchange Commission
134:
16:Software for trading financial products
1384:
578:
381:
795:
769:
710:
708:
706:
620:
618:
435:. Economics and Information Systems.
426:
300:
644:Garvey, Ryan; Wu, Fei (2010-11-01).
527:
525:
501:
499:
682:
13:
703:
615:
531:
282:
14:
1413:
522:
506:McGowan, Michael J. (2010–2011).
496:
268:
256:led some Nasdaq market makers on
142:electronic communication networks
1366:
1365:
512:Duke Law & Technology Review
320:Electronic communication network
727:
676:
637:
597:
579:Knauth, Dietrich (2023-03-10).
291:
1318:List of asset management firms
572:
547:
472:
459:
427:Weber, Bruce W. (2006-05-01).
420:
398:
382:Mecane, Joseph (9 July 2020),
375:
231:
1:
368:
1392:Electronic trading platforms
662:10.1016/j.finmar.2010.07.001
650:Journal of Financial Markets
117:
7:
1303:Electronic trading platform
683:Kim, Kendall (2010-07-27).
347:Technical analysis software
341:Straight-through processing
308:
277:
146:alternative trading systems
33:electronic trading platform
10:
1418:
1371:Category:Online brokerages
532:Wu, Jennifer (June 1999).
128:trading method or strategy
1361:
1290:
1245:
1189:
1073:
950:
854:
808:
801:
738:. ACM. pp. 777–788.
445:10.1016/j.dss.2004.10.006
336:Stock market data systems
189:was founded, focusing on
433:Decision Support Systems
315:Automated trading system
218:graphical user interface
745:10.1145/3461778.3462008
37:online trading platform
362:High-frequency trading
331:Single-dealer platform
105:high-frequency trading
45:financial intermediary
41:financial intermediary
28:
326:Retail forex platform
237:Information Reporting
22:
1313:Fundamental analysis
1308:Financial innovation
1146:Interactive Investor
995:Firstrade Securities
990:Fidelity Investments
831:RBC Direct Investing
254:Market fragmentation
249:Order Handling Rules
213:systems and robots.
135:Historic development
97:direct market access
1005:Interactive Brokers
932:Reliance Securities
836:TD Direct Investing
484:Business News Daily
406:"Trading Platforms"
211:algorithmic trading
170:was created by the
1348:Technical analysis
1171:Standard Chartered
1055:The Vanguard Group
689:. Academic Press.
408:. IBS Intelligence
301:Portfolio tracking
101:technical analysis
29:
1402:Online brokerages
1379:
1378:
1286:
1285:
1136:HSBC InvestDirect
796:Online brokerages
755:978-1-4503-8476-6
696:978-0-08-054886-9
480:"What Is NASDAQ?"
163:' based systems.
161:request for quote
35:also known as an
1409:
1369:
1368:
1353:Trading strategy
1025:Moomoo (company)
912:Kotak Securities
887:Geojit Financial
806:
805:
790:
783:
776:
767:
766:
760:
759:
747:
731:
725:
724:
712:
701:
700:
680:
674:
673:
641:
635:
634:
622:
613:
612:
610:
601:
595:
594:
592:
591:
576:
570:
569:
567:
566:
551:
545:
544:
538:
529:
520:
519:
503:
494:
493:
491:
490:
476:
470:
465:Lemke and Lins,
463:
457:
456:
424:
418:
417:
415:
413:
402:
396:
395:
394:
393:
379:
77:Investment banks
1417:
1416:
1412:
1411:
1410:
1408:
1407:
1406:
1382:
1381:
1380:
1375:
1357:
1338:Stock valuation
1282:
1241:
1185:
1069:
946:
907:Karvy Corporate
892:HDFC securities
850:
841:Virtual Brokers
797:
794:
764:
763:
756:
732:
728:
713:
704:
697:
681:
677:
642:
638:
623:
616:
608:
602:
598:
589:
587:
577:
573:
564:
562:
553:
552:
548:
536:
530:
523:
504:
497:
488:
486:
478:
477:
473:
464:
460:
425:
421:
411:
409:
404:
403:
399:
391:
389:
388:, Bloomberg.com
380:
376:
371:
311:
303:
294:
285:
283:Historical data
280:
271:
251:
239:
234:
222:trading turrets
137:
120:
112:mobile-friendly
81:stock exchanges
31:In finance, an
17:
12:
11:
5:
1415:
1405:
1404:
1399:
1394:
1377:
1376:
1374:
1373:
1362:
1359:
1358:
1356:
1355:
1350:
1345:
1340:
1335:
1333:Stock exchange
1330:
1325:
1320:
1315:
1310:
1305:
1300:
1294:
1292:
1288:
1287:
1284:
1283:
1281:
1280:
1275:
1270:
1265:
1260:
1255:
1249:
1247:
1243:
1242:
1240:
1239:
1234:
1229:
1224:
1219:
1217:Integral Forex
1214:
1209:
1204:
1199:
1193:
1191:
1187:
1186:
1184:
1183:
1181:Trade Republic
1178:
1173:
1168:
1163:
1158:
1153:
1148:
1143:
1138:
1133:
1128:
1126:Finam Holdings
1123:
1118:
1113:
1111:Dukascopy Bank
1108:
1103:
1098:
1093:
1088:
1083:
1077:
1075:
1071:
1070:
1068:
1067:
1062:
1057:
1052:
1047:
1042:
1037:
1032:
1027:
1022:
1017:
1012:
1007:
1002:
997:
992:
987:
982:
977:
972:
971:
970:
963:Charles Schwab
960:
958:Ally Financial
954:
952:
948:
947:
945:
944:
939:
934:
929:
924:
919:
914:
909:
904:
902:India Infoline
899:
894:
889:
884:
879:
874:
869:
864:
858:
856:
852:
851:
849:
848:
843:
838:
833:
828:
823:
818:
812:
810:
803:
799:
798:
793:
792:
785:
778:
770:
762:
761:
754:
726:
702:
695:
675:
656:(4): 367–396.
636:
614:
596:
571:
546:
521:
495:
471:
458:
439:(4): 728–746.
419:
397:
373:
372:
370:
367:
366:
365:
359:
357:Trading system
354:
349:
344:
338:
333:
328:
323:
317:
310:
307:
302:
299:
293:
290:
284:
281:
279:
276:
270:
269:Decimalization
267:
250:
247:
238:
235:
233:
230:
195:social trading
157:dumb terminals
152:" and others.
136:
133:
124:trading system
119:
116:
25:Deutsche Börse
15:
9:
6:
4:
3:
2:
1414:
1403:
1400:
1398:
1397:Share trading
1395:
1393:
1390:
1389:
1387:
1372:
1364:
1363:
1360:
1354:
1351:
1349:
1346:
1344:
1341:
1339:
1336:
1334:
1331:
1329:
1326:
1324:
1321:
1319:
1316:
1314:
1311:
1309:
1306:
1304:
1301:
1299:
1296:
1295:
1293:
1289:
1279:
1276:
1274:
1271:
1269:
1266:
1264:
1261:
1259:
1256:
1254:
1251:
1250:
1248:
1244:
1238:
1235:
1233:
1230:
1228:
1225:
1223:
1220:
1218:
1215:
1213:
1210:
1208:
1205:
1203:
1200:
1198:
1195:
1194:
1192:
1188:
1182:
1179:
1177:
1174:
1172:
1169:
1167:
1164:
1162:
1159:
1157:
1154:
1152:
1149:
1147:
1144:
1142:
1139:
1137:
1134:
1132:
1129:
1127:
1124:
1122:
1119:
1117:
1114:
1112:
1109:
1107:
1104:
1102:
1099:
1097:
1094:
1092:
1089:
1087:
1084:
1082:
1079:
1078:
1076:
1072:
1066:
1063:
1061:
1058:
1056:
1053:
1051:
1048:
1046:
1043:
1041:
1038:
1036:
1033:
1031:
1030:PNC Financial
1028:
1026:
1023:
1021:
1018:
1016:
1013:
1011:
1008:
1006:
1003:
1001:
998:
996:
993:
991:
988:
986:
983:
981:
978:
976:
973:
969:
966:
965:
964:
961:
959:
956:
955:
953:
951:United States
949:
943:
940:
938:
935:
933:
930:
928:
925:
923:
922:Motilal Oswal
920:
918:
915:
913:
910:
908:
905:
903:
900:
898:
895:
893:
890:
888:
885:
883:
880:
878:
875:
873:
870:
868:
865:
863:
862:Angel Broking
860:
859:
857:
853:
847:
844:
842:
839:
837:
834:
832:
829:
827:
824:
822:
819:
817:
814:
813:
811:
807:
804:
800:
791:
786:
784:
779:
777:
772:
771:
768:
757:
751:
746:
741:
737:
730:
722:
718:
711:
709:
707:
698:
692:
688:
687:
679:
671:
667:
663:
659:
655:
651:
647:
640:
632:
628:
621:
619:
607:
600:
586:
582:
575:
560:
556:
550:
542:
535:
528:
526:
517:
513:
509:
502:
500:
485:
481:
475:
468:
462:
454:
450:
446:
442:
438:
434:
430:
423:
407:
401:
387:
386:
378:
374:
363:
360:
358:
355:
353:
350:
348:
345:
342:
339:
337:
334:
332:
329:
327:
324:
321:
318:
316:
313:
312:
306:
298:
289:
275:
266:
264:
259:
255:
246:
244:
241:In 1995, the
229:
225:
223:
219:
214:
212:
208:
202:
201:was founded.
200:
196:
192:
188:
184:
180:
175:
173:
169:
164:
162:
158:
153:
151:
147:
143:
132:
129:
125:
115:
113:
108:
106:
102:
98:
92:
90:
86:
85:floor trading
82:
78:
74:
73:market makers
70:
66:
62:
58:
54:
50:
46:
42:
38:
34:
26:
21:
1302:
1253:Alpari Group
1237:UOB-Kay Hian
1197:Citibank UAE
1050:U.S. Bancorp
1045:TradeStation
1020:Merrill Edge
846:Wealthsimple
735:
729:
720:
685:
678:
653:
649:
639:
630:
599:
588:. Retrieved
584:
574:
563:. Retrieved
561:. 2018-03-23
558:
549:
540:
515:
511:
487:. Retrieved
483:
474:
466:
461:
436:
432:
422:
410:. Retrieved
400:
390:, retrieved
384:
377:
352:Trading room
304:
295:
292:Current news
286:
272:
263:market maker
252:
240:
226:
215:
203:
191:copy trading
176:
165:
154:
138:
121:
109:
93:
36:
32:
30:
1343:Stockbroker
1328:Market data
1273:Pepperstone
1227:Monex Group
1096:CMC Markets
1081:ActivTrades
968:Thinkorswim
897:ICICIdirect
867:Axis Direct
816:CIBC Mellon
232:Regulations
216:The client
89:open outcry
65:derivatives
61:commodities
1386:Categories
1212:IC Markets
1176:Swissquote
1121:FinecoBank
1065:WellsTrade
1015:M1 Finance
1010:Lightspeed
975:Chase Bank
882:FundsIndia
590:2023-05-21
565:2023-05-21
489:2023-04-18
392:2023-04-18
369:References
150:dark pools
57:currencies
1246:Elsewhere
1232:OCBC Bank
1166:Saxo Bank
1131:Freetrade
1035:Robinhood
942:Sharekhan
917:Kuvera.in
877:Edelweiss
826:Questrade
802:Companies
670:1386-4181
453:0167-9236
166:In 1971,
118:Etymology
103:or to do
1291:Concepts
1156:OTP Bank
1141:IG Group
1106:Doorstep
980:Citibank
937:Religare
927:Scripbox
309:See also
278:Features
258:Instinet
1258:CommSec
1222:Maybank
1161:Plus500
1151:Nordnet
985:E-Trade
585:Reuters
559:Reuters
412:10 June
199:Binance
183:E-Trade
69:brokers
1298:Broker
1263:FXOpen
1101:Degiro
1086:Avanza
1074:Europe
1060:Webull
821:Qtrade
809:Canada
752:
693:
668:
451:
179:Globex
168:Nasdaq
87:using
49:stocks
1278:Stake
1268:FxPro
1116:eToro
872:Dhani
855:India
609:(PDF)
537:(PDF)
364:(HFT)
343:(STP)
322:(ECN)
187:eToro
53:bonds
1207:Futu
1190:Asia
1040:SoFi
1000:FXCM
750:ISBN
691:ISBN
666:ISSN
449:ISSN
414:2010
207:APIs
1091:BUX
740:doi
658:doi
541:MIT
518:: .
441:doi
148:, "
79:or
1388::
748:.
719:.
705:^
664:.
654:13
652:.
648:.
629:.
617:^
583:.
557:.
539:.
524:^
514:.
510:.
498:^
482:.
447:.
437:41
431:.
193:,
144:,
107:.
75:,
71:,
63:,
59:,
55:,
51:,
789:e
782:t
775:v
758:.
742::
723:.
699:.
672:.
660::
633:.
611:.
593:.
568:.
543:.
516:9
492:.
455:.
443::
416:.
27:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
