(FLASH FRIDAY is a weekly content series looking at the past, present and future of capital markets trading and technology. FLASH FRIDAY is sponsored by Instinet, a Nomura company.)
While doing some background research for a fall content campaign, we stumbled upon an interesting article from the Traders Magazine archives.
The History: How Nasdaq Was Born, dated February 1, 1999, tells the story of the first electronic stock exchange, starting from its first year of operations in 1971.
It’s notable that the 28-year period between the dawn of Nasdaq and the article publication is about equivalent to the 26.5-year period between the article and the present day. So how did technology advance over the two time periods, and which advance was more dramatic?
Let’s assess.
From the 1999 article:
“In 1971, the Nasdaq Stock Market was broadcast to some 500 market makers across the country, trading…
