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The Global Transformation from Pits to Bits
To order this title, and for more information, click here
By
Michael Gorham, Director, IIT Stuart Center for Financial Markets, Illinois Institute of Technology, Chicago, USA; 18-year veteran of the Chicago Mercantile Exchange
Nidhi Singh, Vice President, Goldman Sachs
Description
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 Trading Technologies 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.
Audience
Finance professionals in investment banking (34,000 analysts), and in the securities and commodities industry (93,000 analysts and managers),
exchange managers, staff, and members worldwide, providers of exchange services such as brokerage firms and market data vendors, users
of exchange services such as banking, energy and agribusiness companies, pension, mutual, and hedge fund managers, corporate treasury
departments.
Contents
Exchanges: an unprecedented era of creative destruction; Back story: What is an exchange?; Transformation of Exchanges; From private club
to public company; A new wave of product innovation; From local to global competition; From smaller to larger via mergers and acquisitions;
Integration of markets on a single screen; Who is the exchange? The modular exchange and outsourcing; Where is the exchange and regulatory
challenges; Implications of the transformation.
| Bibliographic details |
e-Book, 256 pages, publication date: JUN-2009
ISBN-13: 978-0-08-092140-2
Imprint: ACADEMIC PRESS
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| Price and Ordering |
Price:
USD 79.95
EUR 66.95
GBP 45.99
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Books and book related electronic products are priced in US dollars (USD), euro (EUR), and Great Britain Pounds (GBP). USD prices apply to the Americas and Asia Pacific. EUR prices apply in Europe and the Middle East. GBP prices apply to the UK and all other countries.
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Last update: 3 Oct 2009
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