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Information Technology and Financial Markets
Chapter

Information Technology and Financial Markets

Risk, Volatility and the Quants

Donald Crooks, John Slayton and John Burbridge
In: Information Technology for Global Financial Markets: Emerging Development and Effects
IGI Global, 2012

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Editorial Rating

6

Qualities

  • Analytical
  • Overview
  • Background

Recommendation

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.

Take-Aways

  • Information and communication technologies (ICTs) have increased asset markets’ integration as well as their volatility.
  • A financial crisis anywhere can lead to severe disruptions almost everywhere.
  • The ticker and the telephone were the first ICTs to affect market trading.

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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