IDC Deems Asia/Pacific Ready For Online Trading.Online trading Online Trading Making trades via the Internet. Notes: The use of online trading increased dramatically in the mid to late 1990's with the advent of high-speed computers and Internet connections. Stocks, bonds, options, futures, and currencies can all be traded online. in Asia/Pacific is about to skyrocket. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. IDC, pure-play online brokerages are popping up across Asia, and an increasing number of the region's traditional brokerages are offering online trading. "As of yearned 1999, online trading in Asia/Pacific was in an extremely nascent state (Chem.) the fleeting or momentary state of an uncombined atom or radical just separated from one compound, and not yet united with another, - a hypothetical condition implying peculiarly active chemical properties; as, hydrogen in the nascent state is a strong reducer s>. ," says Matthew McGarvey, a research analyst in IDC's Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. office. "However, with the growing popularity of the Internet and the general increasing comfort and trust in Internet security ''This article or section is being rewritten at Internet security is the process of protecting data and privacy of devices connected to internet from information robbery, hacking, malware infection and unwanted software. , online trading will experience explosive growth and popularity within the region in the next five years." In 1999, less than 10 percent of the region's trades were conducted online. By 2004, IDC expects 40 percent of Asia/Pacific's trades will be online. During that same time frame, the number of investors using the Internet for their transactions will increase from less than 2.77 million to 20 million. "Online brokers will have to prepare themselves to handle heavy spikes in the market," McGarvey warned. IDC expects much of the growth in Asia/Pacific's online trading will occur between 2002 and 2004. The Asia/Pacific online trading market will have the advantage of learning from the US market. "Asia/Pacific has been able to follow the rise and fall of many online brokerage companies in the West and thus will not have to reinvent the wheel (jargon) reinvent the wheel - To design or implement a tool equivalent to an existing one or part of one, with the implication that doing so is silly or a waste of time. This is often a valid criticism. ," McGarvey said. "Nevertheless, many aspects of online trading will take on unique characteristics in the region. Asia/Pacific will place a higher priority on online brokerages' ability to access the numerous markets in the region, conduct transactions in multiple currencies, and offer regional-specific research." IDC believes online brokerages expanding from the US market to Asia/Pacific will flourish in the short term, but will soon lose out to indigenous firms with established histories and reputations within the region. |
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