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208159
Automated Trading Systems (vs Floor)
Description
Bachelor's degree Trading and Dealing (The Structure of Trading) Mind Map on Automated Trading Systems (vs Floor), created by Vhia Rose on 14/09/2013.
No tags specified
the structure of trading
trading and dealing
trading and dealing
the structure of trading
bachelor's degree
Mind Map by
Vhia Rose
, updated more than 1 year ago
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Created by
Vhia Rose
about 11 years ago
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Resource summary
Automated Trading Systems (vs Floor)
Fairness
Operational superiority compared to floor trading
Trading scandals on floors in highly active periods
Fair access to markets compared to floor trading
System Capacity
Matching technologies are more scalable
24 hr globally linked trading possible
Negotiation Speed
Transactions completed faster and more efficiently
Oral trading is faster for negotiating trade sizes
Exchange of information
Floor trades provide more information about counterparties
Floor trading can establish intent of parties and know people who may want to trade
Electronic trades limit the growth of order size (adverse selection)
Transparency
Faster market data reporting to the public
More accurate reporting
Cost
Reliable
Secure
Fast
Lower operating costs
Less labour intensive
High development costs
Immediacy
Open outcry can cancel orders faster
Liquidity
Largest open outcry exchanges are highly liquid
Electronic trading may be more liquid (not yet proven)
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