Written by authors intimately involved in researching and shaping the ongoing transformation in financial markets, this comprehensive book offers a rare inside look at the day-to-day operations and developments of the dynamic marketplace. Clearly and concisely outlining how Internet technology impacts financial markets, Electronic Commerce and the Revolution in Financial Markets includes a re-examination of how financial markets like the Nasdaq and NYSE actually work, which parties are involved, how the price is produced, how transactions are settled and much more.

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