Online Trading Settles Down

While online trading continues to grow, two industry reports indicate the market may be settling down. This is according to analysts at Credit Suisse First Boston and Piper Jaffray Inc.

While online trading continues to grow, two industry reports indicate the market may be settling down. This is according to analysts at Credit Suisse First Boston and Piper Jaffray Inc.

[IC_ARTICLE_OBJECT [SHOW IC_Article_ID] “table1”]

The reports defined an online trade as a trading order executed over the Internet. CS First Boston calculated that 253,000 such trades were conducted online in the third quarter of 1998. The Piper Jaffray estimate sets the number of online trades at 264,000. Overall, this represents a 14 percent increase on the previous quarter.

Online trading has grown steadily in the first three quarters of 1998 but in each quarter the rate of growth has slowed down. Credit Suisse First Boston estimated that in the first quarter of 1998 online trading rose 25 percent. The growth rate slowed to 16 percent in the second quarter and again in the third.

The traditional off-line trading houses recorded the highest number of online trades, with Internet-only brokerages falling behind.

Subscribe to get your daily business insights

Engagement To Empowerment - Winning in Today's Experience Economy
Report | Digital Transformation

Engagement To Empowerment - Winning in Today's Experience Economy

2y

Engagement To Empowerment - Winning in Today's Exp...

Customers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...

View resource
Announcement Alert from Lee Arthur
Weekly briefing | Digital Transformation

Announcement Alert from Lee Arthur

2y

Announcement Alert from Lee Arthur

Announcement Alert!! Read More

View resource
The 2023 B2B Superpowers Index
Whitepaper | Digital Transformation

The 2023 B2B Superpowers Index

3y

The 2023 B2B Superpowers Index

The Merkle B2B 2023 Superpowers Index outlines what drives competitive advantage within the business culture and subcultures that are critical to succ...

View resource
Impact of SEO and Content Marketing
Whitepaper | Digital Transformation

Impact of SEO and Content Marketing

3y

Impact of SEO and Content Marketing

Making forecasts and predictions in such a rapidly changing marketing ecosystem is a challenge. Yet, as concerns grow around a looming recession and b...

View resource