The recent changes in equity, derivatives and commodity exchanges are opening opportunities for exchanges, investment banks and capital markets generally. Despite the market capitalization of companies listed on exchanges running into trillions of dollars worldwide, there is no mainstream book using extensive research to address the major issues facing the whole industry. This book by an expert insider, fills this gap with a comprehensive review of history and evolution, new technologies and the future of exchanges.
Inhaltsverzeichnis
Historical Background Nature of Capital Markets: Primary & Secondary Trading Instruments Trading Systems Trading Cycle Fragmentation, Internationalisation, Liquidity, Accessibility, Transparency, Efficiency How We Got Here The Internet Telecommunications Technology Services Best Execution Where Next ? Gaps and Problems in Exchanges Who Needs Stock Exchanges? Structural Trends Integration and Consolidation New Products and Services Efficiencies: Who is Best Costs Clearing and Settlement Opportunities Evolution Legal Framework Regulatory Bodies Self-Regulation Regulatory Arbitrage International Co-operation Hurdles The Shape of Things to Come