The electronic financial markets of the future : and survival strategies of the broker-dealers

PART 1: EMERGING MEGA-TRENDS: UNPRECEDENTED CHANGE: THE CAUSE AND EFFECT Introduction From Localisation to Globalisation Derived Effects Networked Financial 'Supermarkets' eVolution of Market Structures A Virtual Tour of the e-Markets of Today PART 2: UNPRECEDENTED CHANGE: THE IMPACT! Liquidity: The Rising Tide Balance of Power and the Efficiency of the eXchange Auction Systems Strategic Response of the Traditional Exchanges Emergence of New Forms of Commodities and Risk PART 3: SURVIVAL STRATEGIES Strategic Response of the Broker-Dealers The Quantum Leap in Action Virtual Reality Bytes The Net Strategic Impact of Technology on the Business of Securities Trading Corporate Longevity