Gordon S. Macklin

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: Understanding the Basics of Options - A Simplified Guide to Trading Stock Opt... by Anthony, Marco Amazon Price: Customer Review: I have read a few options books for beginners like the "Stock Options for Dummies" and "Understanding Options" and this by far was the easiest to understand. I feel that the book supplied a reader like myself who does not have a big background with t...   Little Dorrit by Charles Dickens Amazon Price:   Understanding E-Minis: Trading to Win by Jerry Williams Amazon Price: $18.96 Customer Review: I bought this book thinking it was a just a primer on Eminis. The beginning covered the basics, but then it lapsed into a bunch of basic candlestick patterns. However, as the book progressed, it got better, and better, and better! I particularly l...   The Little Black Book of Microcap Investing: Beat the Market with NASDAQ/AMEX... by Dan Holtzclaw Amazon Price: Customer Review: I will start my review by pointing you to page-8 of this book, where you will find this sentence saying "For all intensive purposes". I was shocked, I thought illiterates and high school dropouts say that. And you have the audacity to become a book a...   Understanding Advanced Option Strategies - A Simplified Guide to Trading Stoc... by Anthony, Marco Amazon Price: Customer Review: This book is even better than the basic edition. It was very easy to understand and it wasn't packed with un-needed information. It had everything I needed to take my trading to the next level. I feel much more confident buying in larger quantities, ...   Newsfeed display by CaRP

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