The electronic financial markets of the future : and survival strategies of the broker-dealers

The Financial Markets of the Future is concerned with e-business as it applies to financial institutions who operate within these markets. It presents a strategic overview of the impact and implications of technology in these markets. The model identifies two primary inter-related technological causes of change and the elegance and simplicity of the model and format provide a means to evaluate developments in the financial markets. Aimed at all high level financial practitioners evaluating the application of e-business and in particularly to banks on the sell-side in their capacities as securities dealers. This Volume Is Concerned With E-business As It Applies To Financial Institutions Who Operate Within These Markets. It Presents A Strategic Overview Of The Impact And Implications Of Technology In These Markets. Part I. Emerging Mega-trends: Unprecedented Change, The Cause And Effect -- 1. Introduction -- 2. From Localisation To Globalisaton -- 3. Derived Effects -- 4. Networked Financial 'supermarkets' -- 5. Evolution Of Market Structures -- 6. A Virtual Tour Of The E-markets Of Today -- Part Ii. Unprecedented Change: The Impact! -- 7. Liquidity: The Rising Tide -- 8. Balance Of Power And The Efficiency Of The Exchange -- 9. Auction Systems -- 10. Strategic Response Of The Traditional Exchanges: The Death Of The Open-outcry Pit -- 11. The Emergence Of New Forms Of Commodities And Risk -- Part Iii. The Response: Survival Strategies -- 12. Strategic Response Of The Broker-dealers -- 13. The Quantum Leap In Action -- 14. Virtual Reality Bytes -- 15. The Net Strategic Impact Of Technology On The Business Of Securities Trading -- 16. Corporate Longevity. Lauren Liebenberg. Includes Bibliographical References (p. 264-268) And Index. Front Matter....Pages i-xvi Front Matter....Pages 1-1 Introduction....Pages 3-5 From Localisation to Globalisation....Pages 6-22 Derived Effects....Pages 23-31 Networked Financial ‘Supermarkets’....Pages 32-43 eVolution of Market Structures....Pages 45-50 A Virtual Tour of the e-Markets of Today....Pages 51-86 Front Matter....Pages 87-87 Liquidity: The Rising Tide....Pages 89-109 Balance of Power and the Efficiency of the eXchange....Pages 110-122 Auction Systems....Pages 123-142 Strategic Response of the Traditional Exchanges: The Death of the Open-Outcry Pit....Pages 143-162 The Emergence of New Forms of Commodities and Risk....Pages 163-182 Front Matter....Pages 183-183 Strategic Response of the Broker-Dealers....Pages 185-194 The Quantum Leap in Action....Pages 195-216 Virtual Reality Bytes....Pages 217-220 The Net Strategic Impact of Technology on the Business of Securities Trading....Pages 221-249 Corporate Longevity....Pages 250-258 Back Matter....Pages 259-268 "Liebenberg gauges the impact of the electronic medium on the global financial markets and the business of securities trading." "Connectivity on a global scale and the birth of artificial intelligence are wreaking change of epic proportions on the financial markets. In the emerging global electronic economy, the power of money and its institutions will be unprecedented." "The Electronic Financial Markets of the Future charts the evolutionary course of money and the markets in which it is traded. It gives a shrewd appraisal of the strategic response of broker-dealers to these megatrends, and provides a simple set of tools for prospecting in an electronic environment that is as fertile as it is hostile. This book provides unrivalled coverage of e-business as it applies to financial markets and to the financial institutions that operate within these markets."--Jacket The Electronic Financial Markets of the Future is concerned with e-business as it applies to financial institutions who operate within these markets. It presents a strategic overview of the impact and implications of technology in these markets. The model identifies two primary inter-related technological causes of change and the elegance and simplicity of the model and format provide a means to evaluate devlopments in the financial markets. Aimed at all high level financial practitioners evaluating the application of e-business and in particularly to banks on the sell-side in their capacities as securities dealers. At the confluence of the second and third millennia, we are in the throes of an unprecedented wave of change, the effects of which will be profound.