|
Archive@NYU >
Stern School of Business >
IOMS: Information Systems Working Papers >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/14248
|
| Title: | Information Technology in the Major International Financial Markets |
| Authors: | Weber, Bruce W. |
| Issue Date: | 7-Apr-1993 |
| Publisher: | Stern School of Business, New York University |
| Series/Report no.: | IS-93-12 |
| Abstract: | Financial markets perform a seemingly simple function: facilitating the
transfer of securities into cash, or cash into securities. Closer
inspection of the activities and the information intensity of a trading
floor or a dealing room reveals great complexity. Information technology
(IT) plays a crucial role in supporting maker activities, and no trader
today could operate without real-time data services, and computer-based
analytical tools. Market information - about prices, interest rates,
transactions, investor supply and demand, and company and economic news
- is at the heart of any trading operation. Consequently, the major
international markets from Tokyo to Zurich are making increased use of
information technology. While IT is capable of making physical
marketplaces and trading floors obsolete, no consensus is emerging on
the design of an integrated global financial market, and many
technological and regulatory issues remain unsolved. Multiple,
fragmented markets may be a consequence of the lack of coordination.
This chapter highlights the technologies that are revolutionizing
international financial markets. The future direction of financial
markets will be charted by automation and systems, and IT'S influence on
banks, securities firms, and the markets themselves will continue to be
a subject of debate and controversy. |
| URI: | http://hdl.handle.net/2451/14248 |
| Appears in Collections: | IOMS: Information Systems Working Papers
|
All items in Faculty Digital Archive are protected by copyright, with all rights reserved.
|
