Advances in technology along with changes in regulations regarding trading has led to an increase of electronic trading. Changes have often occurred in the structure of specific markets as well as their liquidity. Trading has become more automated, which leads to more opportunities.
Improvements in technology has changed the way buy-side investors work with the use of new strategies in execution such as using complex algorithms. Electronic trading has improved the quality of the market and lowered the cost of transactions. Competition has increased and access to the market has been broadened while traders are less dependent on traditional market trading.