History of Online Stock Trading

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Online stock trading has trickled into mainstream use as the manipulation of computers has improved and become incorporated into the offices of brokers. Find out how to transfer funds on the stock market by using the Internet with help from a licensed financial planner in this free video on the stock market and investing.

Part of the Video Series: Stock Market
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Video Transcript

Hi, my name is Bill Rae. I'm with Alumni Financial Services. I've been in the business and the finance world for well over 20 years. The question you ask is the history of online trading. That's a very interesting question. I don't know if anybody can actually pinpoint the day when online stock trading began because, like many things, it probably started off as a little trickle. But I can tell you, in today's technology, I remember when I first got my PC, I was probably the first manager to have one, and it was blowing my mind away of how quickly it would do my tasks. So online stock trading and the history of online stock trading probably just generated out of an office with a regular broker and the manipulation of computers. But it has grown dramatically since then. Computing, since the early seventies, has taken on vast new responsibilities. With the...with the technical capabilities of storing data, rapidly analyzing data, and transmitting it, it has opened up worlds that no one back in those days ever dreamed about. The ability for you to go online and to click a few keys and actually transfer funds from one location to another to buy, to sell -- unbelievable. Back in...if we had ever talked to us in the thirties or the forties, they would have told us we were dreaming. But here we are with the capability of a few clicks, buying stocks 24 hours a day around the world. However, as in all things, we recommend if you're going to do that, seek outside counsel. Make sure you understand what it is you're doing, who's getting your money, and when and how you can get it back. My name's Bill Rae, I'm with Alumni Financial Services, and as always, we're here to help you build wealth.


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