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- W155833920 abstract "Publisher SummaryThe first pioneers involved in the shift from floors to screens were individuals or groups who were creating new exchanges. They had no legacy problems. The older pre-existing exchanges were universally floor-based, generally owned by their members and had little appetite for throwing away their floors and sending their sometimes middle-aged members off to fend for them in a technological jungle. The pioneers of electronic trading were almost always new exchanges. There was no cost of or anxiety over conversion. They used screens from day one. And beginning somewhere in the 1990s, all-new exchanges adopted the screen based model. This left the older floor-based, member-owned exchanges, which had put off electronic trading as long as they possibly could. Most exchanges around the globe found ways to adapt and make the transition. Early adopters had the advantage of defining the exchange architecture, whereas followers had the advantage of avoiding the mistakes and hurdles pioneers went through." @default.
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- W155833920 date "2009-01-01" @default.
- W155833920 modified "2023-09-24" @default.
- W155833920 title "Floor to Screen: The Second Wave" @default.
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- W155833920 doi "https://doi.org/10.1016/b978-0-12-374252-0.00005-8" @default.
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