Digital finance is the latest hot topic as the capital markets industry and financial institutions grapple with the impact of e-commerce on their business. Electronic trading, managing e-commerce risk, B2B exchanges, e-brokers, Alternative Trading Systems (ATS) to name but a few, are all bringing both opportunities, but also challenges to the financial sector. eFinance examines all these challenges and provides a readable, non-technical overview of this dynamic sector. Beginning with a look at the key elements that have made electronic commerce a reality – the development of e-commerce business models, the technology and the funding of digital finance – the book moves on to explore the nature of financial services that can be made available to both institutional and individual customers around the world (along with their relative costs, benefits and drawbacks). The book will conclude with a look to the future of e-finance, outlining the advantages and disadvantages of traditional and virtual banking (in all its guises), explore potential areas of growth and consolidation and cast an eye at likely future developments (with a particular focus on competition and market structures). Industry examples from different countries and markets will be included throughout the book that illustrate the expansion, failures, successes and future of digital finance e.g Schwab, Fidelity, Citibank, London Stock Exchange/Deutsche Boerse/Ix, Eurex, E-Trade, Egg/Prudential, Reuters, Yahoo Finance, Virgin, Microsoft, Wingspanbank and so on. ‘Talk to the Trade’ boxes that explain the new jargon of the e-finance world are also included.
Book Details:
- Author: Erik Banks
- ISBN: 9780470322758
- Year Published: 2001
- Pages: 220
- BISAC: BUS027000, BUSINESS & ECONOMICS/Finance
About the Book and Topic:
Digital finance is the latest hot topic as the capital markets industry and financial institutions grapple with the impact of e-commerce on their business. Electronic trading, managing e-commerce risk, B2B exchanges, e-brokers, Alternative Trading Systems (ATS) to name but a few, are all bringing both opportunities, but also challenges to the financial sector. eFinance examines all these challenges and provides a readable, non-technical overview of this dynamic sector. Beginning with a look at the key elements that have made electronic commerce a reality – the development of e-commerce business models, the technology and the funding of digital finance – the book moves on to explore the nature of financial services that can be made available to both institutional and individual customers around the world (along with their relative costs, benefits and drawbacks). The book will conclude with a look to the future of e-finance, outlining the advantages and disadvantages of traditional and virtual banking (in all its guises), explore potential areas of growth and consolidation and cast an eye at likely future developments (with a particular focus on competition and market structures). Industry examples from different countries and markets will be included throughout the book that illustrate the expansion, failures, successes and future of digital finance e.g Schwab, Fidelity, Citibank, London Stock Exchange/Deutsche Boerse/Ix, Eurex, E-Trade, Egg/Prudential, Reuters, Yahoo Finance, Virgin, Microsoft, Wingspanbank and so on. ‘Talk to the Trade’ boxes that explain the new jargon of the e-finance world are also included.
Explores the nature of financial services that are available to both institutional and individual investors around the world. * Provides a strategic look at the implications of the digital finance revolution with practical guidance on the advantages and disadvantages of it. * Includes global industry examples that illustrate the expansion, failures, successes and future of digital finance.
About the Author
Erik Banks is a Managing Director in Merrill Lynch’s Corporate Risk Management group in New York, responsible for credit/market risk technology, data, analytics and policy; prior to assuming his current role he managed the firm’s market risk and crdit risk teams in London, Tokyo and Hong Kong. Before joining Merrill Lynch in 1988 he worked at Citibank in New York. In addition to e-Finance, he is author of six other books on credit, risk, derivatives, emerging markets and merchant banking. He lives in Greenwich, Connecticut with his wife Milena – and their six dogs and two cats.