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Get Started in Shares by Glen Arnold

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Older ways of trading

Traditionally, shares were traded between two traders, face to face. A few stock exchanges around the world still have a place where buyers and sellers or their representatives meet to trade. For example, the New York Stock Exchange (NYSE) continues to make some use of a large trading floor with thousands of face-to-face deals taking place every working day (open outcry trading).

This is the traditional image of a stock market, and if television reporters have a story about what is going on in the world’s security markets, they often show an image of traders rushing around, talking quickly amid a flurry of small slips of paper on the NYSE trading floor. To an outsider it seems amazing that anyone can hear or understand what ...

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