The New Capital Market Revolution

The New Capital Market Revolution : The Winners, the Losers and the Future of Finance

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Description

Once upon a time the global capital markets were happily ensconced in a cozy club. The exchanges, the brokers and the pit traders all knew where they fit. Complacency ruled until suddenly, in the later 1990s, everything changed. Digital networks threatened the status quo. Screen-based trading began to "infect" exchanges almost everywhere. And the exchanges themselves were haemorrhaging business to the OTC markets "upstairs". The impact came devastatingly fast. Even London's LIFFE exchange, the biggest futures market on earth, within a matter of weeks found itself on life support, unable to survive the onslaught from its electronic rival, EUREX. Patrick Young's "Capital Market Revolution" captured it all. And then, just as suddenly as the revolution had begun, salvation seemed at hand. The dotcom bubble burst and many felt the old practices of the floor-based markets in Chicago and New York could survive and prosper. The revolution seemed to be over. But it wasn't. In "The New Capital Market Revolution", Patrick Young once again places the world's capital markets under his prophetic microscope and reveals that the revolutionaries are still firmly in control - this time with an even more radical manifesto. What does the Capital Market Revolution really mean for investors? How does it affect the market professional and the legacy exchanges? Will it lead in the demolition of markets? Patrick Young answers these and many more critically important questions. This is a revolution where there has been no obvious storming of the Bastille. Rather, digital markets have laid a virtual siege to outmoded practices. A whole new world order of financial markets will be the end result.show more

Product details

  • Hardback | 224 pages
  • 162.6 x 241.3 x 30.5mm | 589.68g
  • Cengage Learning, Inc
  • Texere Publishing
  • Florence, United States
  • English
  • 1587991462
  • 9781587991462

Review quote

"If you have learnt how the capital markets work, fort it - it has all changed. Patrick Young gives a clear insight into this Machiavellian work where tradition can be as old as this morning." Another gem from Patrick Young. The New Capital Market Revolution provides valuable insight into an industry in transition. Intellectually strong and highly readable. A must for members of the international derivatives community."show more

About Patrick Young

A professional trader, Patrick Young is founder of erivatives.com a free, controversial and global online magazine devoted to tradable markets with 30,000 readers in 130 countries. The original online origins of erivatives came into being in 1994 - it the early stages of the Web, with a remit to providing thought-leading analysis of financial markets. His financial career began in the late 80s with a leading global money broker (Tullett and Tokyo) where he eventually became head of exchange traded options and technical analysis. He subsequently traded independently on the London International Financial Futures and Options Exchange (LIFFE) for several years. Patrick has been a regular conference speaker for many years across the world. He is chairman of the blue riband 'Crossfire' panel at the Burgenstock derivatives conference in Switzerland and is a regular chairman for various briefing sessions and product roadshows. He gives an annual lecture at the INSEAD Business School in France. Patrick was born in Ireland but he lives in Monte Carlo, Monaco and maintains a passion for classic cars.show more

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