Investopedia explains 'Trading Software'
Trading software have proliferated in recent years due to the growing popularity of electronic communication networks or ECNs, which are alternative trading networks that enable trading outside of the traditional stock exchanges or bourses. ECNs have driven down transaction costs sharply, enabling many discount and full-service brokerages to offer trading software to their clients at little or no cost.
The software should be easy to navigate and, stable, and at the very least extremely secure. It is often a charasteristic overlooked when selecting a brokerage, over other traits such as cost or popularity.
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