Story: Stock market

Electronic trading

Electronic trading

On 24 June 1991 Doug Graham, minister of justice, flicked the switch on a new computer system for shares trading. The system brought real advantages: brokers’ offers were dealt with on a strict first-come first-served basis, and small investors were helped. The market index could be instantly updated and was more accurate, and brokers were saved the cost of huge telephone toll bills.

Using this item

Alexander Turnbull Library, Dominion Post Collection (PAColl-7327)
Reference: EP/1991/1831

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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How to cite this page:

David Grant, 'Stock market - Institutional reform and technological change', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/23696/electronic-trading (accessed 13 November 2019)

Story by David Grant, published 11 Mar 2010