chapter 2 electronic trading
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The term online trading is often misused and abused by the media,
professionals, and the public to refer to electronic trading. Let me
make this perfectly clear once and for all. Trading online over the
Internet and sending orders to an online broker do not constitute
electronic trading. The two are as different as night and day. If you
are trading online, before you can key in your buy or sell order, the
electronic trader has already made the trade and received confirmation.
The term online trading is often misused and abused by the media,
professionals, and the public to refer to electronic trading. Let me
make this perfectly clear once and for all. Trading online over the
Internet and sending orders to an online broker do not constitute
electronic trading. The two are as different as night and day. If you
are trading online, before you can key in your buy or sell order, the
electronic trader has already made the trade and received confirmation.