Transcription of On-Line Brokerage: Keeping Apace of Cyberspace
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On-Line Brokerage: Keeping Apace of Cyberspace
On-Line brokerage : Keeping Apace of CyberspaceEXECUTIVE advances in information technology -- particularly the Internet -- arerevolutionizing commerce. The securities industry, most significantly On-Line brokerage , isat the forefront of this reports estimate that last year s $415 billion in online brokerage assetswill grow by more than sevenfold to $3 trillion in 2003. The million On-Line accountsopen in 1997 have almost tripled to reach million by the second quarter of this trading volumes have increased dramatically over the last several to one analyst, volume has increased from under 100,000 trades per day in thesecond quarter of 1996 to over half a million in the second quarter of 1999.
On-Line Brokerage: Keeping Apace of Cyberspace EXECUTIVE SUMMARY I. INTRODUCTION Recent advances in information technology -- particularly the Internet -- …
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