Book Cover
E-book
Author Gorham, Michael.

Title Electronic exchanges : the global transformation from pits to bits / Michael Gorham, Nidhi Singh
Published Burlington, MA : Elsevier ; [Place of publication not identified] : IIT Stuart Center for Financial Markets Press, ©2009

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Description 1 online resource (xiv, 338 pages) : illustrations
Series Elsevier and IIT Stuart Center for Financial Markets Press
Elsevier and IIT Stuart Center for Financial Markets press (Series)
Summary 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
Bibliography Includes bibliographical references and index
Notes Print version record
Subject Electronic trading of securities.
Electronic trading of securities
Form Electronic book
Author Singh, Nidhi.
LC no. 2009281279
ISBN 9780080921402
008092140X
0123742528
9780123742520
Other Titles Global transformation from pits to bits