Tangled in a Web
Burke, Gibbons, Modern Trader
The Internet continues to be a happening place for traders to hang out. But ff it continues to grow in popularity at the current pace, the Net will become like the restaurant Yogi Berra spoke of when he said "Nobody goes to that place anymore...It's too crowded!" Bottlenecks, slowness and blocked access to popular sites are, unfortunately, all too common.
The Internet is now easfiy accessible to people who aren't UNIX wizards because of a thing called the World Wide Web (WWW or the Web) and Web-browsing programs such as Mosaic and Netscape. These two programs make the Internet more like a friendly fern bar as opposed to the roadside tavern it once was. The Web is quickly emerging as the predominant "Face of the Internet," what people will think of when they talk about it. It turns the ragtag collection of Internet utilities and communications protocols into a visually stunning, easy-to-use information-grazing and entertainment environment.
The Web consists of "pages" of information. A page can be any length and can contain text, pictures, tables and most important, links to other pages. Links within text are generally underlined and when you click the mouse on a link, the Web browser transports you to a different Web page, or an image, a sound or a movie file.
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Oh, the places you'll go
J.P. Morgan is one of the first big trading houses to establish itself on the Web. Its site can be reached at the following address:
The address appears in a special format known as a Universal Resource Locator or URL, which is the standard way to locate anything within the Web. A URL for a Web page will typically (with many exceptions) begin with "http://www." followed by the domain or site name, in this case, "jpmorgan.com." The domain name is then followed by the disk directory path and filename. The path is separated by forward-leaning slashes, which is the UNIX equivalent to the MS-DOS backslash character. UNIX filenames can have up to 32 characters, and the case (upper or lower) is important. …