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: 9780080922218
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Future of the Financial Exchanges Book Excerpt:

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

The Future of Financial Markets

The Future of Financial Markets
Author: D. Mayes
Publsiher: Springer
Total Pages: 175
Release: 2006-07-12
ISBN: 023021231X
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Future of Financial Markets Book Excerpt:

This book provides a comprehensive review of the prospects for financial markets in the face of rapid technological development and international integration. It offers a revolutionary perspective, exploring the challenges for regulators and demonstrating a network economics approach to explain the failure of e-money to develop.

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: 0815796102
Category: Business & Economics
Language: EN, FR, DE, ES & NL

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

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).

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: 422
Release: 1989
ISBN: 1928374650XXX
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Black Monday and the Future of Financial Markets Book Excerpt:

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

Geography and Future of Stock Exchanges

Geography and Future of Stock Exchanges
Author: Dariusz Wojcik
Publsiher: Unknown
Total Pages: 24
Release: 2005
ISBN: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

Geography and Future of Stock Exchanges Book Excerpt:

This paper aims to contribute to the debate on the future of stock exchanges and financial centres by focusing on two questions. First, whether, how, why, and which stock exchange activities are prone to concentration in financial centres? Second, are they prone to concentration in national or international financial centres? Through a detail-rich analysis of stock exchange activities, including trading system, as well as relationships with members, issuers, and investors, I suggest a framework for the geography of stock exchanges based on two dimensions - proneness to concentration in a financial centre, and proneness to international consolidation. With this framework I make predictions about the future geography of stock exchanges arguing that while significant geographical reconfigurations are likely to unfold, driven primarily by the development of international networks of stock market institutions, stock exchanges and financial centres will remain crucially important for each other.

Global Financial Markets Revolution

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

Global Financial Markets Revolution Book Excerpt:

Publisher Description

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: 019988594X
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Introduction to the Economics of Financial Markets Book Excerpt:

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.

The Future of European Financial Centres

The Future of European Financial Centres
Author: Kirsten Bindemann
Publsiher: Routledge
Total Pages: 176
Release: 2002-01-04
ISBN: 1134629966
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Future of European Financial Centres Book Excerpt:

This volume examines the future of European financial centres in the context of economic and monetary union (EMU). Based on original empirical research, it investigates the relative competitiveness of European financial centres, with special reference to London and Frankfurt, in the context of the single currency debate. Issues covered include: * the evolution of financial centres * optimal design of an international financial centre * financial services regulation and EMU * the competitiveness of world financial centres

Financial Exchanges

Financial Exchanges
Author: Francis A Lees
Publsiher: Routledge
Total Pages: 320
Release: 2012-04-23
ISBN: 1136651497
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Financial Exchanges Book Excerpt:

The recent global economic crisis has drawn a spotlight on the world of finance. Financial exchanges are changing, and this insightful, new book examines the manner and reasons for these changes. Financial Exchanges: A Comparative Approach offers an in-depth analysis of this sector. Surveying thirty different financial exchanges, including stock, derivative, commodity and offshore exchanges, this book examines the challenges they face and the ways in which they are adapting. The book includes a pertinent chapter on the dominance of derivatives, examining a number of derivative exchanges in detail. Taking in a host of international exchange powerhouses, including those in Hong Kong, Shanghai, London, New York and the Persian Gulf, this book will benefit students taking courses on financial markets and institutions, as well as professionals interested in international financial markets.

The USSR NYSE Seminar

The USSR NYSE Seminar
Author: Anonim
Publsiher: Unknown
Total Pages: 271
Release: 1991
ISBN: 1928374650XXX
Category: Capital market
Language: EN, FR, DE, ES & NL

The USSR NYSE Seminar Book Excerpt:

The Future of Investing

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

The Future of Investing Book Excerpt:

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

Regulated Exchanges

Regulated Exchanges
Author: Larry Harris
Publsiher: Oxford University Press
Total Pages: 400
Release: 2010-11-04
ISBN: 9780199813254
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Regulated Exchanges Book Excerpt:

Exchanges play an essential and central role in the world's economy. They epitomize transparency in the price-formation process, informing investors and disseminating vital information for the functioning of financial markets, and in so doing they represent an important source of capital for nascent and established companies alike. Even during the recent crisis, exchanges remained open and liquid in the face of extreme volatility-thus the trust investors place in regulated exchanges when confronted with uncertainty is beyond doubt. Since the inception of the World Federation of Exchanges in the 1960s, the operational and competitive landscape for organized exchanges has changed radically. Technology and globalization have allowed financial flows to move freely across borders, and burgeoning competition and lower regulatory barriers have spurred far-reaching transformations in the way securities are traded. Against this background, and on the occasion of the 50th anniversary of the World Federation of Exchanges, the WFE has partnered with Larry Harris and the Centre for European Policy Studies to produce a definitive volume of essays to take a look at the historic role exchanges have played in the global economy, highlighting pivotal innovations that shaped this role, and to lay out prospective ways in which exchanges will continue to shape the global economy in the future. Opening with key conceptual essays by leading academics, Regulated Exchanges examines the historical contribution of exchanges to the world's economic growth, exchanges' economic importance, and the regulatory characteristics of the space in which exchanges operate. The volume then presents essays on several defining milestones in the history of exchanges written by leading figures that took part in that very history, showing the interaction between the founding of exchanges, local cultures, and world financial markets. The book appropriately closes with a look forward, examining the competitive landscape and the exciting and promising future of regulated exchanges. Offering an unparalleled collection of perspectives from leading academics and practitioners involved in the history of exchanges, Regulated Exchanges sheds a brilliant and welcome light on how exchanges have influenced and fostered successful financial markets, and how they will do so for many years to come.

China s Financial Markets

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

China s Financial Markets Book Excerpt:

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

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: 9780815706885
Category: Political Science
Language: EN, FR, DE, ES & NL

Brookings Wharton Papers on Financial Services 2002 Book Excerpt:

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

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: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

The Future of Stock Exchanges in Emerging Economies Book Excerpt:

The Routledge Handbook of Financial Geography

The Routledge Handbook of Financial Geography
Author: Janelle Knox-Hayes,Dariusz Wójcik
Publsiher: Routledge
Total Pages: 710
Release: 2020-12-14
ISBN: 1351119052
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Routledge Handbook of Financial Geography Book Excerpt:

This handbook is a comprehensive and up to date work of reference that offers a survey of the state of financial geography. With Brexit, a global recession triggered by the COVID-19 pandemic, as well as new financial technology threatening and promising to revolutionize finance, the map of the financial world is in a state of transformation, with major implications for development. With these developments in the background, this handbook builds on this unprecedented momentum and responds to these epochal challenges, offering a comprehensive guide to financial geography. Financial geography is concerned with the study of money and finance in space and time, and their impacts on economy, society and nature. The book consists of 29 chapters organized in six sections: theoretical perspectives on financial geography, financial assets and markets, investors, intermediation, regulation and governance, and finance, development and the environment. Each chapter provides a balanced overview of current knowledge, identifying issues and discussing relevant debates. Written in an analytical and engaging style by authors based on six continents from a wide range of disciplines, the work also offers reflections on where the research agenda is likely to advance in the future. The book’s key audience will primarily be students and researchers in geography, urban studies, global studies and planning, more or less familiar with financial geography, who seek access to a state-of-the art survey of this area. It will also be useful for students and researchers in other disciplines, such as finance and economics, history, sociology, anthropology, politics, business studies, environmental studies and other social sciences, who seek convenient access to financial geography as a new and relatively unfamiliar area. Finally, it will be a valuable resource for practitioners in the public and private sector, including business consultants and policy-makers, who look for alternative approaches to understanding money and finance.

Performance of International Securities Markets

Performance of International Securities Markets
Author: Heiko Schmiedel
Publsiher: Unknown
Total Pages: 270
Release: 2004
ISBN: 1928374650XXX
Category: Clearing of securities
Language: EN, FR, DE, ES & NL

Performance of International Securities Markets Book Excerpt:

Tiivistelmä.

Architects of Electronic Trading

Architects of Electronic Trading
Author: Stephanie Hammer
Publsiher: John Wiley & Sons
Total Pages: 208
Release: 2013-05-31
ISBN: 1118488059
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Architects of Electronic Trading Book Excerpt:

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

Bank of Finland Discussion Papers

Bank of Finland Discussion Papers
Author: Anonim
Publsiher: Unknown
Total Pages: 135
Release: 2001
ISBN: 1928374650XXX
Category: Banks and banking
Language: EN, FR, DE, ES & NL

Bank of Finland Discussion Papers Book Excerpt:

The Small Stock Exchanges in South East Europe Counties

The Small Stock Exchanges in South East Europe Counties
Author: Dimche Lazarevski
Publsiher: Unknown
Total Pages: 28
Release: 2013
ISBN: 1928374650XXX
Category: Electronic Book
Language: EN, FR, DE, ES & NL

The Small Stock Exchanges in South East Europe Counties Book Excerpt:

The aim of this paper is to identify the effects of the regional and global stock exchange mergers and integrations, and to recommend options that South-East Europe stock exchanges should consider in future. The global financial crisis brought great declines in 2008, and they stayed at their bottom until today, putting their future existence under question. The paper will focus on the impact that these mergers/integrations have on market's liquidity, and the required rate of return.We made comparative analysis among the selected SEE and worldwide-developed stock exchanges in terms of some market indicators. To calculate the Stock Exchanges' required rate of return we develop modified Capital Asset Pricing Model suitable for t market economies. Then, we determined the breadth, depth and liquidity of Macedonian Stock Exchange using a number of different liquidity measures. Based on the results from these analyses, we recommend several options for SEE stock exchanges: developing on their own for which aggressive policy measures for developing internal financial markets must be devised; building links with substantially larger and developed markets to establish virtual trading venues, borrowing advanced platforms and visibility; to start regional integration process (mergers/acquisitions).