According to the World Bank, in 1979 the total volume of securities trading was just over $600 billion. Ten years later, in 1989, it was ten times higher. The absolute record was set in 2015, when the stock market turnover exceeded $100 trillion.
The advent of the age of finance was spurred by tech solutions. The digitalization of this industry started somewhere in the early 1970s, when the Nasdaq stock exchange began operations in the United States, running entirely on a computer network. By the early 1990s, more than 40% of all transactions were made using online tools. READ MORE