VIEWS: 2 PAGES: 1 POSTED ON: 2/24/2011
Technology has changed the basic perception of financial markets. It is no longer an exchange where people gather and shout to place orders. The general perception of the term market is a place where people gather to trade. Going by that definition, financial markets are places where commercial?activity of buying and selling of financial instruments takes place. However, technology has changed all that. The days when people gathered physically at a place to buy or sell are long over. Financial markets including sale and purchase of shares, foreign currency and other financial instruments are more of a virtual space where transactions happen over websites and/or trading platforms located in cyberspace.? Every financial instrument traded in Australian financial markets is now bought or sold online. This includes mutual funds, bonds and foreign currency. Even if you do not have the wherewithal to connect to the internet, the broker that you approach will buy or sell online on your behalf. Modern financial markets are much more sophisticated and complex. At the same time, the emergence of a new financial instrument eventually results in creation of a market for new products and services. A classic example of this is the launch of automated trading software to facilitate traders to initiate profitable trades after the introduction of retail trading in the foreign exchange market. Similarly, if you are a trader or a long-term investor in financial markets, whatever information you may require is available on the Internet. This includes technical charts if you are a day trader, reports on fundamentals of listed companies, latest business and economic news and any other information that has the potential of moving instruments traded in financial markets. Mel writes about financial markets among other business related topics.
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