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Technology is revolutionizing financial markets, enabling more frequent and faster trades with better risk controls than ever before. For an introduction to how electronic trading is changing the game, consider the following articles:

Reading & news

“A need for speed: The rise of algorithmic trading” Canadian Business Online

(PDF) “Electronic trading and its implications for financial systems” Bank for International Settlements

“The NEW YORK Stock Exchange, in a symbolic decision that underscores the decline of floor trading amid the rising popularity of electronic trading, plans to shut about 20% of its floor-trading space in the next 18 months.”
(PDF) 11/1/2006 Wall Street Journal

Daily trading on the new, all-electronic exchange BATS grew from 7.3 shares in February 2006 to 336 million shares in February 2007.
(PDF) 2/13/2007 Wall Street Journal

75% of volume on Chicago Mercantile Exchange in 2006 Q4 was due to electronic trading
(PDF) 1/2/2007 Chicago Mercantile Exchange

Recommended books on trading

Market Models: A Guide to Financial Data Analysis
Alexander, Carol

The Predictors: How a Band of Maverick Physicists Used Chaos Theory to Trade Their Way to a Fortune on Wall Street
Bass, Thomas A.

The Disciplined Trader: Developing Winning Attitudes
Douglas, Mark

Trading and Exchanges: Market Microstructure for Practitioners
Harris, Larry

Reminiscences of a Stock Operator
Lefèvre, Edwin

Fortune's Formula: The Untold Story of the Scientific Betting System That Beat the Casinos and Wall Street
Poundstone, William

The New Market Wizards: Conversations with America's Top Traders
Schwager, Jack D.

Equity Markets in Action: The Fundamentals of Liquidity, Market Structure & Trading
Schwartz, Robert A. and Francioni, Reto

Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life
Taleb, Nassim Nicholas

Beat the Dealer
Thorpe, Edward O.

Zen in the Markets
Toppel, Edward A.