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.

Autorentext

LAUREN LIEBENBERG is a Strategic Analyst with Rand Merchant Bank in South Africa.

Zusammenfassung
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 mega-trends, 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.

Inhalt

PART 1: EMERGING MEGA-TRENDS: UNPRECEDENTED CHANGE: THE CAUSE AND EFFECT Introduction From Localisation to Globalisation Derived Effects Networked Financial 'Supermarkets' eVolution of Market Structures A Virtual Tour of the e-Markets of Today PART 2: UNPRECEDENTED CHANGE: THE IMPACT! Liquidity: The Rising Tide Balance of Power and the Efficiency of the eXchange Auction Systems Strategic Response of the Traditional Exchanges Emergence of New Forms of Commodities and Risk PART 3: SURVIVAL STRATEGIES Strategic Response of the Broker-Dealers The Quantum Leap in Action Virtual Reality Bytes The Net Strategic Impact of Technology on the Business of Securities Trading Corporate Longevity