Chapter 628 There are also electronic disks(2/2)
"What is this guy doing?" Hirano Hideto looked over with curiosity in his anger.
In the air, the electronic screen is slowly typing a string of English starting words - the electronic disk is opening.
Hidetoshi Hirano, who was still making a deal, couldn't help but feel weak and had to reach out to help the person next to him.
In the crude oil futures market in 1994, there were both on-site manual trading and on-site electronic trading. The manual trading was traded by manual bidding, and the electronic trading was matched by electronic systems. In essence, the nature of the two was the same. According to the current regulations of the London International Petroleum Exchange, the manual trading was opened first and the electronic trading was opened after the electronic trading.
Such regulations themselves actually mean that artificial disks and electronic disks are different.
As of now, the biggest difference between the two is the transaction speed. If extended, the transaction frequency and price changes will increase rapidly.
Artificial trading is a manual price call. On the one hand, traders can control the speed, and on the other hand, the relatively slow trading process will slow down the price change.
Electronic disks are different. As long as the price and quantity are set, the speed of electronic disk matching transactions is calculated in microseconds, so there are more companies and people participating, and the price changes are more severe. Here, from time to time, there will be mishaps happening when traders make mistakes because they enter the wrong number. If it were manual yelling, the incident of Everbright Bank would not have happened, because manual transactions cannot complete so many transactions in a few seconds, and people will not be so stupid that they make mistakes in succession.
It can be said that the popularization and development of electronic disks has invisibly increased the sensitivity of the futures market to news and made speculative behavior more severe. A frost in Brazil has caused the price of coffee to rise, and a blizzard in California has caused the price of oranges to rise. Behind this change is the acceleration of information speed.
In the world familiar to Sucheng, electronic disks are the dominant force.
And Hirano Hidetoki also understood why Sucheng had to announce the news at 10:1.
Because the electronic market opened at 10:30.
The market will ruminate on the news about Dahua Industrial. This time, traders will chew more carefully.
Chapter completed!