Wall Street and the Internet

A new day on Wall Street. The Internet is changing the way the intermediary industry operates. Today, more and more investors are trading through the Internet and have chosen to avoid contact with brokers. The era of large full-service brokers has gone, and there will be a compromise between full service and autonomy. Does the rapid development of information technology help or damage the securities industry? Role of IT playing a role in the future of transactions Just a few years ago, all transactions were done by talking to the broker by calling the broker, usually trying to sell some popular stocks, I charged a large amount of money.

1 "Wall Street Journal" recently proposed that the Internet "era" of the World Wide Web may be over. According to Internet technicians, there is an indication that the Internet is approaching the limit, especially from the article subtitle "online transmission of data can be overloaded by the number of Internet routes reaching" 512 K " (Fitzgerald) Dick Oliver and Charles Ashbacher's "Learning HTML and XHTML in 24 Hours" (5th edition, 2001) introduce those who are interested in building web sites. The author's initial recommendations include the following four important (now very simple) steps. "Use the Internet" ("Connect to the Internet", "Use a Web browser program" (10), "Development") (11)

However, Gordon Krowitz wrote in a recent "Wall Street Journal" column that the government did not make the Internet. The government envisioned the World Wide Web as early as the 1940s and continued to develop the Advanced Research Projects Agency Network (ARPANET) of Pentagon. However, Krovitz wrote that this network did not bring us the Internet to us today. Crovitz believes Xerox invented the Internet, but the company is not sure what it is doing. Because this is the company's business, Xerox shares copy machines using its computer network, which is where the idea stops. When Steve Jobs visited Xerox to learn some ideas in 1979, he may have seen a bigger one. "They do not know what they have," Jobs said.

This is e-commerce, which amounted to 1 trillion dollars. Perhaps he says, "There is no prosperity or depression." I had a very sharp experience in this area. This is the Wall Street phenomenon. Wall Street looks at the Internet, "Wow, this is revolutionary, it will change every business model." Value is like this. Three years later, they returned and said, "It does not change every business model, I think we are wrong." All the values ​​are like this. Actual adoption is exponential. However, the index does not seem to occur until the actual traction is obtained. We are now gaining real traction through e-commerce.