The transition began with the birth of electronic quotation systems that replaced physical shouting with computer screens.
: Orders were written on paper tickets and processed by hand, a process that could take minutes. trading platform
: Launched as the world's first electronic stock exchange, it used computers to provide automated quotes rather than a physical floor. The transition began with the birth of electronic
: Access was restricted to a few professionals; retail investors had to call brokers who checked morning newspapers for yesterday’s prices. 2. The Digital Revolution (1970s–1990s) trading platform
The story of the trading platform is a journey from the chaotic, physical shouting of the "trading pits" to the silent, microsecond precision of modern digital servers. 1. The Era of the Trading Pit