American Century: Getting jazzy in KC
Wit Capital: A potent brew
Optimark: Instant liquidity
It's the most visible market and one of the most talked about. But the US equities market also is one of the most inefficient in the developed world. What makes it so fascinating is that this inefficiency is often combined with innovation and the combination has left the market susceptible to transformation by the internet.
The explosive growth in the use of the internet in the US for general retail services as well as for on-line retail equity trading would suggest that the US is yet again leading the development in the use of technology. A much larger proportion of the US public has access to a computer and cheap internet services than in other countries. Consumers are more used to TV shopping, making the leap to internet shopping relatively painless; and retail finance on the...
