A Brief History Of Internet Stock Trading
Internet stock trading is relatively new when you compare it to the stock market history. This is because it is linked with internet usage and the internet really has only been successful for about 20 years. Today the internet is found in most homes and many people do a lot of banking and investing from their personal computers. The very first of all of the internet services were made specifically for those companies in the finance industry.
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.
A dentist was the first person to trade online in 1983. The first company to provide this was called Trade*Plus which was renamed the E-Trade group and eventually became a big deal in Silicon Valley. Many other internet trading companies arouse in the 1980s such as AmeriTrade, which was originally called the First Omaha Securities.
However these early internet trades still required a stock broker. It was not until 1996 that you could trade online yourself without needing a stock broker using eBroker. Soon large brokerage houses such as Schwab developed as did other online discount brokerage houses that offer their services 24 hours a day for 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.
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.
Article Source: FxTradingStock.com
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by: Areelitaha Joahlanski
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Date: Fri, 27 Aug 2010
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