Cutting out the middleman
Article Abstract:
Fund managers have been able to bypass exchanges, dealing directly with each other, as a result of a crossing network that they have set up. E-Crossnet is a JV that is owned by investors who buy stocks, and is the first of its kind. There has been informal crossing for some time as a way of cutting costs, but the volume of this type of trade that eliminates brokers is likely to rise. This could eventually affect the exchanges and the way that prices are set.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Farewell to the floor?
Article Abstract:
The development of electronic exchanges has led to an upheaval among derivative and stock exchanges world wide. The London Stock Exchange plans to become a stockholder-owned company rather than a company owned by members. The Sydney Stock Exchange has already become a company. Electronic communications networks have meant that exchanges have to adapt rapidly, and this may be less easy when members have to agree on decisions, but prefer not to innovate.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Heads, shoulders and broadening bottoms
Article Abstract:
Technical analysis to predict stock price movements is being taken more seriously by economists, and more systematic methods are being developed.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2000
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