I get that supply and demand sets the price but WHO actually dictates the price?
Like do a special group of brokers negotiate a price, make a transaction and then that is the price on the market? Is it an algorithm and if so How did this work before computers
In: Economics
I’ve seen currency exchange (like dollars to yen) and it works by two brokers talking over instant messenger. It’s a weirdly personal interaction.
Large stock transactions seem to work the same way, but I don’t know how it works when I sell my two shares of Walmart.
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