Today’s Stock Markets
In This Chapter
• Major U.S. stock exchanges expanding to meet global competition
• Foreign exchanges threaten U.S. dominance of financial markets
• After-hours trading no longer a marginal activity
• Merging of markets may mean some form of continuous trading
The stock markets have come a long way from the days when stockbrokers had a lock on commissions and dictated terms of doing business. Beginning with deregulation in 1975, the financial services industry has exploded with new products, new services, lower prices, and technology that puts vast amounts of information in investors’ hands. While the service providers such as stockbrokers and financial planners evolved, the stock exchanges themselves trailed in ...