Читать книгу Impact of Artificial Intelligence on Organizational Transformation - Группа авторов - Страница 42

Traditionally, rather I should say historically trading in the stock market used to happen in the trading ring which was physical areas in stock exchanges where the stock brokers used to stand and trade stock by open outcry. To understand it better, a ring is a location on the floor of a stock exchange where trades were executed in old times before internet came in our lives. Few renowned brokers used to enter the ring and shout out the orders placed by their clients; these were then sent to the record keeper of trades who would also keep a track of lowest and highest prices of each stock. Since the whole process used to be done manually, there was less efficiency and a lot of confusion as well [1].