      If the year were 1996, my answer would be around 50 percent. At thisjuncture, the game truly began to change. Before this point in time,traders would shout their orders over the trading desk to order entryclerks who would then enter the trades into a Nasdaq Workstation. Oncetrades were executed, the clerks would then shout confirmations back to thetraders. Traders were using simplistic market monitoring tools, devoid ofdecision support tools and containing primitive (or nonexistent) accountand risk management systems. Profit opportunities were still abound, andthe trend of the market complemented this type of trading quite nicely.However, competition was everywhere and increasing rapidly, and theDarwinian rule of survival began to take a stand in the industry.