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Strategies & Market Trends : The Final Frontier - Online Remote Trading
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To: TFF who wrote (7481)6/11/1999 8:07:00 PM
From: Dan Clark  Read Replies (1) of 12617
 
Regarding, "These data sets indicate that ECNs have not exactly set the world on fire...", if this were true, why are there so many articles about the issue? Any why are highly-paid, "professionals"(?) spending their valuable time dissing the ECNs?

And finally, ECNs had 28% of the market in 1998. Two months after the end of 1998, the figure was up to 29.6%. Hmmmm, let's see. 1.6% per 2 months = .8% per month. Times 12 months that comes to about 10%. So, about 38% market share by the end of '99. 48% by end of 2000. So by end of 2005, Nasdaq and NYSE cease to exist! Not much of a career for the stock traders on Wall Street is it?

Regards,

Dan.
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