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Macklin was the president of the National Association of Securities Dealers -- which oversees stock brokers -- and, in 1971, pushed a new idea: instead of trading stocks literally "over the counter", a new method would be used: computers. To fully put the system in place, Macklin created a new stock exchange, the National Association of Securities Dealers' Automated Quotation -- the Nasdaq. "This was the first electronic stock market," said Columbia University professor John Coffee, who specializes in securities law. "Prior to Nasdaq, every market had a physical location. Nasdaq took dealers from around the U.S. and knitted them together electronically into one market," Coffee explained. "Like many things that changed the world, it started slowly with not a lot of attention, and its significance was not recognized until a decade or so later. Now, all markets, including the New York Stock Exchange, are becoming predominantly electronic markets. So Nasdaq was the beginning of the future. And Gordon Macklin was the person most responsible for that." Macklin died January 30 after suffering a stroke. He was 78. From This is True for 28 January 2007 Suggestions for further reading:
 By: Dan Holtzclaw List Price: $21.95 Amazon Price: $21.95 Editorial Review: *UPDATED MARCH 2007!* Are 1000% gains still possible in post-internet bubble markets? Absolutely! While most large cap stocks sluggishly provide single digit returns, microcap stocks offer the opportunity for amazing gains. Dan Holtzclaw, author of the best-selling book "Penny Stocks: The Next American Gold Rush" shows you how to beat the market with NASDAQ and AMEX microcap stocks, OTCBB penny stocks, and Pink Sheet stocks. The Little Black Book of Microcap Investing contains information on: - Contemporary microcap investing strategies - Analysis of the rise, fall, and subsequent resurrection of the penny stock market - How to profit from patterns that stocks follow when graduating from the OTCBB to the AMEX or NASDAQ - How to profit from parallels that exist between NASDAQ and OTCBB trading patterns - Detailed analysis of 5 economic sectors that are poised for future growth and 8 microcap stocks that may conquer them - Information on microcap short and naked short sales - Interviews with: - Cromwell Coulson (CEO of the Pink Sheets LLC) - Peter Toscano (CEO of International Power Group) - Roy Warren (CEO of Bravo Foods International)  By: Jerry Williams List Price: $24.95 Amazon Price: $18.21 Editorial Review: This is the first book that deals specifically with trading E-minis, and techniques and methods that will help you to become more a more profitable trader. The markets give a final verdict every trading day at the close. This verdict will not go in your favor if you enter the trading battle unprepared. Skill and success in the markets are acquired through hard work, education, patience, and emotional discipline. This book will help you to become a better trader and not a gambler. Table of Contents: Introduction What Markets To Trade Characteristics Of E-mini Contracts What Is A Stock Index Contract Months Are There Secrets To Trading The E-minis? Fundamental Or Technical Analysis Slippage And Commissions What Do I Need To Trade The E-minis? Is There Really A High Probability Trading System? Types Of Charts Charts And Time Frames Support And Resistance Pivot Points High-Low-Close-Open Relationship Normal Trading Day Volume Single Bar Patterns Breakout Trades Reversal Trades Bearish Reversals Bullish Reversals Candlestick Traps Candlestick Summary Time And Sales Market Breadth Indicators Market Trading Indicators Miscellaneous Indicators Commitment of Traders Report Fair Value And Program Trading Summary Of Market Indicators Economic Numbers Greenspan Effect Preparation For The Trading Day Risk Management The Critical Importance Of Orders Trading Strategies Closing Statement Bibliography This book is for traders who want to gain a better understanding of markets and learn how to profit from short-term fluctuations in any market. Don't be lured by the idea that it is easy to make money at first. There is no free lunch on Wall Street. This book will help you to become a better trader and not a gambler.  By: M. Rogan LaBier List Price: $40.00 Amazon Price: $26.40 Editorial Review: Nothing has changed the markets more in the last few years than the advent of direct access, the combination of NASDAQ Level II quotes and direct order routing which together enable savvy traders to "hit" bids and offers and go up against the market makers. But just having access to these tools is not enough. Knowing how to use the tools-quickly and expertly-is key. In The NASDAQ Trader's Toolkit, a former market maker reveals the secrets of NASDAQ trading systems.Nothing has changed the markets more in the last few years than the advent of direct access, the combination of NASDAQ Level II quotes and direct order routing which together enable savvy traders to "hit" bids and offers and go up against the market makers. But just having access to these tools is not enough. Knowing how to use the tools-quickly and expertly-is key. In The NASDAQ Trader's Toolkit, a former market maker reveals the secrets of NASDAQ trading systems  By: CCH Incorporated List Price: $67.95 Amazon Price: $67.95 Editorial Review: In January 2006, the Securities and Exchange Commission (SEC) unanimously approved NASDAQ's application to register a new entity, The NASDAQ Stock Market LLC, as a national securities exchange. This action allowed NASDAQ to take the final steps needed to complete its separation from the NASD. NASDAQ will continue to be subject to SEC oversight, but its independence from the NASD means NASDAQ's exchange is operating as its own SRO, with its own rules regarding trading, listing, membership and regulation, and its own members. This soft-cover reference provides the complete bylaws, rules, and policies governing the day-to-day operations, as well as the regulatory activities of the Exchange and its members, as of October 31, 2006. NASDAQ: A History of the Market That Changed the World By: Mark Ingebretsen List Price: $27.00 Amazon Price: $27.00 Editorial Review: What started as a Depression-era organization designed to combat stock market fraud -- & struggled for decades as the black sheep of Wall Street -- is now vying with the venerated N.Y. Stock Exchange as the global icon of corporate wealth. This book reveals Nasdaq's history, heroes, & shadowy secrets -- everything that made it the most powerful engine of capital creation for companies around the world & a fickle mistress to millions of investors. It's a story that reaches from the stodgy brokerages & seedy boiler rooms of N.Y. to the billion-dollar start-ups in Silicon Valley, from the farthest reaches of Europe & Asia to the hometown investors. You'll realize what most people don't know, or don't understand, about the Nasdaq. |
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