Not Your Grandma's Stock Market: The Stock Market Has Changed, and Not for the Better
Publication date: January 2011
Digital Book format: ePub (Adobe DRM)
This Element is an excerpt from Crapshoot Investing: How Tech Savvy Traders and Clueless Regulators Turned the Stock Market into a Casino (9780132599689) by Jim McTague. Available in print and digital formats.
The revolutionary change in the stock markets that you didn't notice-and the profound impact it will have on your investments.
A revolution inexorably altered the American stock market beginning in 2007; but outside the industry, few realized it had occurred. As late as 2010, the average investor still believed that the stock market was dominated by two major exchanges: NYSE and NASDAQ. In fact, it had expanded to more than a dozen registered equity exchanges and more than 200 other stock-trading venues....