The Future of the Financial Exchanges

The Future of the Financial Exchanges
Author: Herbie Skeete
Publsiher: Elsevier
Total Pages: 168
Release: 2010-07-28
ISBN 10: 9780080922218
ISBN 13: 008092221X
Language: EN, FR, DE, ES & NL

The Future of the Financial Exchanges Book Review:

In May 2007, an extraordinary meeting took place in London's The Exchange Forum. Chief executives from many of the world's most important financial exchanges came together with senior executives from a wide array of global banking, trading, and investing firms, index providers, regulators, system suppliers, and key academics to discuss the rapidly changing business and technological environment in which exchanges function. The forum was an exclusive event, open only to the most senior-level individuals in the global exchanges community: those who run exchanges, who are clients of exchanges, who invest in exchanges, and who supply goods and services to exchanges. In presentations and panel discussions over two days, these experts explored the effect of shrinking margins as more instruments became exchange traded rather than OTC and the conflicts that creates. They shared what exchanges are doing today to respond to the challenges wrought by competition, globalization, and rapid technology advances. And they looked into the future and discussed the multi-asset, multi-currency, and multi-region trading that holds out the promise of future success. The book is based on the discussion and analysis that took place at this exclusive event that brought together leading exchange professionals, their customers, and suppliers from around the globe to share insights and experiences. It will provide an overview of the latest technological, regulatory, and market developments in the exchange industry and the common problems exchanges face; explain how these problems are being addressed; and present the consensus view from leading exchange professionals about how to move forward. Most significant, the ideas in the book will come directly from the worlds leading exchange professionals and customers. * Hear the voices of executive-level exchange professionals throughout the book for a candid, realistic, and high-level analysis of the exchange business, its present and future * Share the stories of success and failure these exchange executives shared as they discussed solutions to common challenges * Chart the way forward for your exchange business with confidence based on the collective insights and experience of these professionals

Global Financial Markets Revolution

Global Financial Markets Revolution
Author: H. Aran,Alpesh B. Patel
Publsiher: Palgrave MacMillan
Total Pages: 206
Release: 2006
ISBN 10: 1928374650XXX
ISBN 13: CORNELL:31924102912726
Language: EN, FR, DE, ES & NL

Global Financial Markets Revolution Book Review:

Publisher Description

The Future of Financial Exchanges

The Future of Financial Exchanges
Author: Hubert Reynier,Vincent Gros,Jean-Pierre Pinatton
Publsiher: Unknown
Total Pages: 259
Release: 2006
ISBN 10: 9782911144905
ISBN 13: 2911144902
Language: EN, FR, DE, ES & NL

The Future of Financial Exchanges Book Review:

Black Monday and the Future of Financial Markets

Black Monday and the Future of Financial Markets
Author: Barro Mid-America Institute for Public Policy Research Staff,Robert J. Barro
Publsiher: Richard d Irwin
Total Pages: 396
Release: 1989
ISBN 10: 1928374650XXX
ISBN 13: STANFORD:36105038484122
Language: EN, FR, DE, ES & NL

Black Monday and the Future of Financial Markets Book Review:

Essays discuss the October stock market crash of 1987, its causes, and the implications for the future

The Future of Banking

The Future of Banking
Author: Chris Skinner
Publsiher: John Wiley & Sons
Total Pages: 210
Release: 2007-04-30
ISBN 10: 9780470512852
ISBN 13: 0470512857
Language: EN, FR, DE, ES & NL

The Future of Banking Book Review:

The world of banking is changing dramatically as a result of regulation, technology and society. New developments in the past three years include advances in regulatory change, the impact of China and India; from the latest technologies to impact bank services, to the latest experiments with a cashless society. The Future of Banking in a Globalised World provides an entertaining yet informative look at the world of banking and chronicles the radical changes that have occurred in the industry over the past three years. Renowned analyst and international speaker, Chris Skinner assesses the trends that have occurred during the past three years and looks at predictions for the future of banking. Issues discussed include: • The impact of emerging markets such as China and India • Regulatory changes including Europe’s Financial Services Action Plan, MiFID, SEPA, as well as the impact of Basel II and Sarbanes-Oxley • The latest technologies to impact Bank services from algorithmic trading through Web 2.0 • The displacement of Cash and Cards through Contactless, Mobile and Biometric Payments

The Future of Domestic Capital Markets in Developing Countries

The Future of Domestic Capital Markets in Developing Countries
Author: Robert E. Litan,Michael Pomerleano,Vasudevan Sundararajan
Publsiher: Brookings Institution Press
Total Pages: 400
Release: 2003-09-05
ISBN 10: 0815796102
ISBN 13: 9780815796107
Language: EN, FR, DE, ES & NL

The Future of Domestic Capital Markets in Developing Countries Book Review:

The Future of Domestic Capital Markets in Developing Countries addresses the challenges that countries face as they develop and strengthen capital markets. Based on input from the world's most prominent capital market experts and leading policymakers in developing countries, this volume represents the latest thinking in capital market development. It captures the views of a global gathering of experts, with perspectives from developing and developed countries, from all regions of the world, from the public and private sector. This volume should be of interest to senior financial sector policymakers from developed and developing countries in securities and exchange commissions, regulators, central banks, ministries of finance, and monetary authorities; private sector executives in stock exchanges, bond markets, venture capital markets, and investment funds; and researchers and academicians with an interest in capital market development in emerging markets. What are the key factors threatening the development and survival of stock exchanges in developing countries? What domestic strategies are needed to protect the future of local markets? Should exchanges consider linkages or alliances? Merging with, or buying up, other exchanges? Demutualization? The volume provides practical guidance on strategies such as nurturing issuers, improving rules and institutions, addressing regulatory challenges, and sequencing reforms. The contributors address a variety of country experiences, and suggest steps that policymakers and practitioners in emerging markets can take to promote an orderly transition toward efficient, well-regulated, and accessible capital markets. Contributors include Reena Aggarwal (Georgetown University), Alexander S. Berg (World Bank), Alan Cameron (Sydney Futures Exchange), Olivier Fremond (PSACG), Amar Gill (Credit Lyonnais Securities Asia), Gerd Hausler (IMF), Jack Glen (International Finance Corporation), Peter Blair Henry (Stanford University Graduate School of Business), Patricia Jackson (Bank of England), Ruben Lee (Oxford Finance Group), Robert Litan (Brookings Institution), Clemente Luis del Valle (Securities and Exchange Commission of Colombia), Sanket Mohapatra (Columbia University), Alberto Musalem (World Bank), Dilip Kumar Ratha (World Bank), Ajit Singh (University of Cambridge), Philip Suttle (DECPG), V. Sundararajan (IMF), Thierry Tressel (IMF), Philip Turner (Bank for International Settlements), and Piero Ugolini (IMF).

Architects of Electronic Trading

Architects of Electronic Trading
Author: Stephanie Hammer
Publsiher: John Wiley & Sons
Total Pages: 208
Release: 2013-06-24
ISBN 10: 1118488075
ISBN 13: 9781118488072
Language: EN, FR, DE, ES & NL

Architects of Electronic Trading Book Review:

Insights that can help you improve your technology edge Featuring contributions from technology visionaries at leading alternative investors, hedge funds, trading firms, exchanges, and vendors, this book covers current trends in trading technology. The book features interviews with the leaders responsible for the technology that is shaping today's electronic financial markets. You'll hear the views of CIOs, CTOs, and other technology leaders on emerging technologies, innovation in the financial sector, and how technology is enhancing markets in ways other than just speed. Their perspectives on harnessing technology to enhance computing power, reduce time to market, bolster risk management, and much more offer valuable lessons for readers. Includes a wealth of practical insights on how to improve your technology edge Features interviews with leading technology professionals in the financial industry across an array of asset classes and markets Serves as a topical guide to the latest developments, enhancements and applications of technology to tackle trading and risk management challenges Includes insights from top technology professionals on evaluating and adopting technology solutions Looks at the effects of technology on finance professionals and their businesses as well as the global finance industry generally

The Future of Investing

The Future of Investing
Author: Chris Skinner
Publsiher: John Wiley & Sons
Total Pages: 292
Release: 2007-06-29
ISBN 10: 9780470517116
ISBN 13: 0470517115
Language: EN, FR, DE, ES & NL

The Future of Investing Book Review:

The Markets in Financial Instruments Directive (MiFID) is the biggest change programme Europe’s capital markets have ever attempted. It takes all the protection away from Europe’s Stock Exchanges and forces investment banks, brokers and dealers to guarantee best execution. The organisational, process and technology changes demanded by the MiFID are massive. In order to understand these challenges, industry commentator Chris Skinner has gathered the views of Europe’s leading figures in the MiFID community to discuss its implications. From an introduction from the European Business School and European Commission, through the views of leaders in the key constituencies of MiFID Connect and the MiFID Joint Working Group, through to organisations supporting the markets such as Reuters and SWIFT, this book provides a 360-degree perspective of the world of investing in Europe’s markets after the MiFID implementation. Anyone who has anything to do with dealing, trading and investing in European equities and instruments will find this book an essential guide to the markets now and into the future. With this book as their guide, readers will understand: • The key MiFID business issues • How to implement the directive • How it will affect the markets once it comes into force

The Future of European Financial Centres

The Future of European Financial Centres
Author: Kirsten Bindemann
Publsiher: Psychology Press
Total Pages: 152
Release: 1999
ISBN 10: 0415204038
ISBN 13: 9780415204033
Language: EN, FR, DE, ES & NL

The Future of European Financial Centres Book Review:

Based on original empirical research, this volume investigates the relative competitiveness of European financial centres, with special reference to London and Frankfurt in the context of the single currency debate.

China s Financial Markets

China s Financial Markets
Author: Salih N. Neftci,Michelle Yuan Ménager-Xu
Publsiher: Elsevier
Total Pages: 400
Release: 2007
ISBN 10: 0120885808
ISBN 13: 9780120885800
Language: EN, FR, DE, ES & NL

China s Financial Markets Book Review:

Accompanying CD-ROM contains English translations of relevant Chinese regulations.

The USSR NYSE Seminar

The USSR NYSE Seminar
Author: Anonim
Publsiher: Unknown
Total Pages: 271
Release: 1991
ISBN 10: 1928374650XXX
ISBN 13: STANFORD:36105043589436
Language: EN, FR, DE, ES & NL

The USSR NYSE Seminar Book Review:

The Future of Stock Exchanges in Emerging Economies

The Future of Stock Exchanges in Emerging Economies
Author: Stijn Claessens
Publsiher: Unknown
Total Pages: 135
Release: 2002
ISBN 10: 1928374650XXX
ISBN 13: OCLC:834217890
Language: EN, FR, DE, ES & NL

The Future of Stock Exchanges in Emerging Economies Book Review:

Introduction to the Economics of Financial Markets

Introduction to the Economics of Financial Markets
Author: James Bradfield
Publsiher: Oxford University Press
Total Pages: 512
Release: 2007-02-08
ISBN 10: 019988594X
ISBN 13: 9780199885947
Language: EN, FR, DE, ES & NL

Introduction to the Economics of Financial Markets Book Review:

There are many textbooks for business students that provide a systematic, introductory development of the economics of financial markets. However, there are as yet no introductory textbooks aimed at more easily daunted undergraduate liberal arts students. Introduction to the Economics of Financial Markets fills this gap by providing an extremely accessible introductory exposition of how economists analyze both how, and how well, financial markets organize the intertemporal allocation of scarce resources. The central theme is that the function of a system of financial markets is to enable consumers, investors, and managers of firms to effect mutually beneficial intertemporal exchanges. James Bradfield uses the standard concept of economic efficiency (Pareto Optimality) to assess the efficacy of the financial markets. He presents an intuitive, and introductory, understanding of the primary theoretical and empirical models that economists use to analyze financial markets, and then uses these models to discuss implications for public policy. Students who use this text will acquire an understanding of the economics of financial markets that will enable them to read, with some sophistication, articles in the public press about financial markets and about public policy toward those markets. The book is addressed to undergraduate students in the liberal arts, but will also be useful for undergraduate and beginning graduate students in programs of business administration who want an understanding of how economists assess financial markets against the criteria of allocative and informational efficiency.

Electronic vs Floor Based Trading

Electronic vs  Floor Based Trading
Author: Robert A. Schwartz,John Aidan Byrne,Antoinette Colaninno
Publsiher: Springer Science & Business Media
Total Pages: 176
Release: 2006-06-03
ISBN 10: 0387299106
ISBN 13: 9780387299105
Language: EN, FR, DE, ES & NL

Electronic vs Floor Based Trading Book Review:

Specialists and floor brokers, in direct contact on the trading floor, are at the heart of operations at the national U.S. equity exchanges. At the other end of the spectrum, electronic trading platforms characterize most other equity markets globally. Why have we not followed the international trend, and should we? Can the unique services offered by the floor be provided as effectively in an electronic environment? Which environment would institutional and retail traders each find most suitable to their special needs? These are some of the questions that will be addressed. In so doing, Electronic vs. Floor Based Trading will provide perspective on the future direction that exchange market structure is likely to follow in the coming years.

Brookings Wharton Papers on Financial Services 2002

Brookings Wharton Papers on Financial Services  2002
Author: Robert E. Litan,Richard J. Herring
Publsiher: Brookings Institution Press
Total Pages: 450
Release: 2010-12-01
ISBN 10: 9780815706885
ISBN 13: 081570688X
Language: EN, FR, DE, ES & NL

Brookings Wharton Papers on Financial Services 2002 Book Review:

This annual series from the Brookings Institution and the Financial Institutions Center at the Wharton School provides timely and insightful analyses of the financial services industry. Contents: The Future of Securities Exchanges Ruben Lee The Structure of the U.S. Equity Markets Marshall E. Blume Changes in the Ownership and Governance of Securities Exchanges: Causes and Consequences Benn Steil Wall Street's Credibility Problem: Misaligned Incentives and Dubious Fixes? Leslie Boni and Kent L. Womack The Immediacy Implications of Exchange Organization James T. Moser The Future of Stock Exchanges in Emerging Economies: Evolution and Prospects Stijn Claessens, Daniela Kingebiel, and Sergio L. Schmukler ISDA, NASD, CFMA, and SDNY: The Four Horsemen of Derivatives Regulation? Frank Partnoy The Future of the Foreign Exchange Market Richard K. Lyons The Future of the New Issues Market Jay R. Ritter Implications of Auction Theory for New Issues Markets Lawrence M. Asubel

Framing Finance

Framing Finance
Author: Alex Preda
Publsiher: University of Chicago Press
Total Pages: 328
Release: 2009-08-01
ISBN 10: 0226679330
ISBN 13: 9780226679334
Language: EN, FR, DE, ES & NL

Framing Finance Book Review:

As the banking crisis and its effects on the world economy have made plain, the stock market is of colossal importance to our livelihoods. In Framing Finance, Alex Preda looks at the history of the market to figure out how we arrived at a point where investing is not only commonplace, but critical, as market fluctuations threaten our plans to send our children to college or retire comfortably. As Preda discovers through extensive research, the public was once much more skeptical. For investing to become accepted, a deep-seated prejudice against speculation had to be overcome, and Preda reveals that over the course of the eighteenth and nineteenth centuries groups associated with stock exchanges in New York, London, and Paris managed to redefine finance as a scientific pursuit grounded in observational technology. But Preda also notes that as the financial data in which they trafficked became ever more difficult to understand, charismatic speculators emerged whose manipulations of the market undermined the benefits of widespread investment. And so, Framing Finance ends with an eye on the future, proposing a system of public financial education to counter the irrational elements that still animate the appeal of finance.

China s Capital Markets

China s Capital Markets
Author: Kam C. Chan,Hung-gay Fung,Qingfeng "Wilson." Liu
Publsiher: Edward Elgar Publishing
Total Pages: 344
Release: 2007
ISBN 10: 1928374650XXX
ISBN 13: UCSD:31822034777276
Language: EN, FR, DE, ES & NL

China s Capital Markets Book Review:

China's accession agreements to the World Trade Organization promised to open up the financial sector to foreign competition by the end of 2006, affording a wealth of opportunities for domestic and international investors. However, there also exist inherent risks and challenges, including inefficient financial markets, inadequate and fast-changing regulations, excessive governmental influence, and lack of transparency in accounting and corporate governance. The contributors to this book explore these perplexing and intertwined issues as they systematically document and analyze the capital market's development in association with the banking system and legal framework. China's economy has been growing rapidly since the late 1970s and is expected to maintain this momentum in the foreseeable future. Coupled with the biggest population in the world, there is tremendous growth potential for China's capital markets and financial services industry, both vital to the continued development of the economy. The contributors present research on all facets of China's markets including: stock and bond markets; futures and over-the-counter markets; regulatory issues; and the development and roles of financial institutions such as brokerage firms, banks and insurance companies. Also addressed are the recent performance of equity markets, the emergence of small and medium enterprises, and the state banks' bids to be listed in overseas stock exchanges. Taken together, the book sheds a welcome light on China's overall economic growth. This comprehensive look at the future of China's economy will be of great value to students and scholars of China. Investors and policymakers will also find it of great practical use.

IPO

IPO
Author: Philippe Espinasse
Publsiher: Hong Kong University Press
Total Pages: 408
Release: 2014-09-30
ISBN 10: 9888083198
ISBN 13: 9789888083190
Language: EN, FR, DE, ES & NL

IPO Book Review:

In this practical guide to initial public offerings, Philippe Espinasse explains the pros and cons of turning private businesses into listed companies. In straightforward, jargon-free language he details the strategies, procedures, and documentation for different forms of listings, and describes the process of marketing and pricing an international IPO. The guide includes many real-life case studies, sample documents, an extensive glossary of terms, and a review of listing requirements for major stock exchanges. It also discusses recent developments in global equity capital markets. This fully revised paperback edition includes additional case studies, information on recent regulatory changes, and new sections on Malaysia and business trusts in Singapore and Hong Kong.IPO: A Global Guide is applicable to any financial jurisdiction, including emerging markets in the Asia-Pacific region, the Middle East, and Eastern Europe. Intended for entrepreneurs, market practitioners and students, this guide will be essential reading for anyone planning to take a company to market. Philippe Espinasse was a senior investment banker for more than 19 years. He has worked on IPOs and capital markets transactions in 30 countries. "This book simplifies with clarity what has always been a complex subject and that is its great merit." — Jeremy Stoupas, partner, International Capital Markets, Allen & Overy "For anyone who has a stake in selling, buying or executing an IPO, this is essential reading." — Jasper Moiseiwitsch, South China Morning Post "A superb guide from a master poacher turned gamekeeper." — David Charters, author of Trust Me, I’m a Banker and The Ego Has Landed

DeFi and the Future of Finance

DeFi and the Future of Finance
Author: Campbell R. Harvey,Ashwin Ramachandran,Joey Santoro
Publsiher: John Wiley & Sons
Total Pages: 208
Release: 2021-08-24
ISBN 10: 1119836018
ISBN 13: 9781119836018
Language: EN, FR, DE, ES & NL

DeFi and the Future of Finance Book Review:

During the Global Financial Crisis in 2008, our financial infrastructure failed. Govern­ments bailed out the very institutions that let the economy down. This episode spurred a serious rethink of our financial system. Does it make any sense that it takes two days to settle a stock transaction? Why do retailers, operating on razor thin margins, have to pay 3% for every customer credit card swipe? Why does it take two days to transfer money from a bank account to a brokerage—or any other company? Why are savings rates miniscule or negative? Why is it so difficult for entrepreneurs to get financ­ing at traditional banks? In DeFi and the Future of Finance, Campbell R. Harvey, Ashwin Ramachandran and Joey Santoro, introduce the new world of Decen­tralized Finance. The book argues that the current financial landscape is ripe for dis­ruption and we are seeing, in real time, the reinvention of finance. The authors provide the reader with a clear assessment of the problems with the current financial system and how DeFi solves many of these problems. The essence of DeFi is that we interact with peers—there is no brick and mortar and all of the associated costs. Savings and lending are reinvented. Trading takes place with algorithms far re­moved from traditional brokerages. The book conducts a deep dive on some of the most innovative protocols such as Uniswap and Compound. Many of the companies featured in the book you might not have heard of—however, you will in the future. As with any new technology, there are a myriad of risks and the authors carefully catalogue these risks and assess which ones can be successfully mitigated. Ideally suited for people working in any part of the finance industry as well as finan­cial policy makers, DeFi and the Future of Finance gives readers a vision of the future. The world of finance will fundamentally be changed over the coming decade. The book enables you to become part of the disruption – not the target of the disruption.

Electronic Exchanges

Electronic Exchanges
Author: Michael Gorham,Nidhi Singh
Publsiher: Elsevier
Total Pages: 352
Release: 2009-07-08
ISBN 10: 9780080921402
ISBN 13: 008092140X
Language: EN, FR, DE, ES & NL

Electronic Exchanges Book Review:

Anyone reading the business section of a newspaper lately knows that the financial exchanges--stock, bonds, FX, commodities, and so forth--are undergoing tremendous transformations. Fund managers, market makers, traders, exchange professionals, marekt data providers and analyzers, investors--anyone involved with the financial exchanges needs to understand the major forces pushing this transformation in order to position themselves and their institutions to the best advantage. In this book, veteran exchange expert Michael Gorham joins his twenty-five years of experience with CME and CBOT to the technical expertise of Nidhi Singh of Goldman Sachs to write a book that tells the story of this dramatic transformation. They chronicle the shift: --from floors to screens --from private clubs to public companies, and --from local and national to global competition. They analyze each of these shifts, identify the drivers behind them and look forward to the implications arising out of them for exchange business in the future. They also explore several key trends: --an increase in product innovation --the integration of markets from all over the world onto a single screen, --the rise of the modular exchange --the outsourcing of various exchange functions, and --the difficulty of transcending geography for regulatory purposes. So join Gorham and Singh in learning the story of this fundamental transformation. As old ways of working are being destroyed, entirely new types of jobs are being created, and new ways of working with exchanges. This book will help you chart the way forward to financial success. *Gorham is an exchange expert and Singh is an electronic trading expert, they combine their expertise to reveal the inner workings of the exchanges and where they will go in the future *Only book to point to new skills needed and new ways of making money for users of exchange services