Treasure Land - Gaming Wall Street - Investment Club

Author: Jiang He, Zhao Huiru
Publisher:
Publish Date: 2007-01-01
Features: Future Financial Trading Trends: Future trading will no longer be constrained by geography or policy. Transactions will be based solely on cost or preference for a particular trading system, the liquidity of assets in a country, or its tax environment. Stock exchange systems will become more compatible, and information and analysis systems will increasingly unify. Due to the unification of trading systems, the role of market intermediaries has significantly diminished. Large multinational corporations, due to their business dealings, will begin to take on the role of brokers/stockbrokers themselves. Governments and financial institutions worldwide will have to face new challenges. Commercial investment exchanges will eventually open to all promising independent financial institutions, and transaction fees will decrease, leading to difficulties for brokers and traditional exchanges. New-generation traders are familiar with electronic devices and computers. Computerization has not only pushed securities trading into new realms but also created more opportunities globally. The New York Stock Exchange is becoming increasingly globalized, listing more foreign stocks, and expanding trading hours, allowing members to trade during any designated time period. Once exchanges around the world are interconnected, a 24-hour global order transmission system will eventually be formed, enabling the trading of commodities listed on one exchange in other exchanges in different time zones.