operated entirely electronically on a computer network. Nasdaq was opened on 8 February 1971. It rapidly gained popularity and by 1992, it accounted for 42% of trade volume in the US.

With the advent of electronic financial markets, electronic trading platforms were also soon launched. In 1992, Globex became the first electronic trading platform to reach the market. E-Trade, a company that started as an online brokerage service, soon also launched its own