Summary of Information Technology and Financial Markets

Risk, Volatility and the Quants

In: Information Technology for Global Financial Markets: Emerging Development and Effects

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Information Technology and Financial Markets summary
Information and communication technologies have increased the volatility of financial markets.

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Professors Donald Crooks, John Slayton and John Burbridge provide an academic overview of the impact of information and communication technologies (ICT) and quantitative techniques on financial markets. Because they cover so much historical and technological detail in a brief report, they do not address any particular aspect in depth or with particular rigor. That said, this overview does touch on salient points in the development of Wall Street and electronic trading, and puts the ICT revolution in its proper context. getAbstract suggests this pocket history to financial executives and managers, business students who want an introduction to the impact of ICT on markets, and those interested in the past saga and future prospects of securities trading.

In this summary, you will learn

  • How information technology and analytical techniques shape financial markets
  • How information technology and analytical techniques shape financial markets
  • What may have caused the 2010 “flash crash” and what regulators need to do to prevent similar future events
 

Summary

Bad News Travels Fast
Information and communication technologies (ICT) ensure that today’s financial markets are global and interconnected. Financial markets never react well to bad news, and ICT accentuates the negative effects of bad-news incidents – ranging from the 1990s Asian crisis...
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About the Authors

John Slayton is a principal of The Trust Company of the South and an adjunct assistant professor of finance at Elon University, North Carolina, where John Burbridge is a professor of operations and supply chain management. Donald Crooks is an associate professor at Wagner College.


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