The Automation of Capital Markets

Arnold Picot, Christine Bortenlaenger, Heiner Roehrl
2006 Journal of Computer-Mediated Communication  
The aim of the research project EMIWA (elektronische Markte und institutioneller Wandel) is to achieve a better understanding of technology-induced changes of markets. For this purpose, the Página 1 de 21 automation of markets 11/10/01 http://www.ascusc.org/jcmc/vol1/issue3/picot.html capital market and its exchanges are studied as one of the most prominent installations of electronic markets. A noticeable gap between the postulated rationalization potential of computer exchanges on the one
more » ... and the existing technological support on the other can be observed. Reasons for this installation gap are supplied and conclusions are drawn for a more differentiated discussion of the impact of information technology on the market as a coordination mechanism.
doi:10.1111/j.1083-6101.1995.tb00170.x fatcat:np6gpvniajcwhknzh5srff5zxy