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 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.
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.
