The US Equity Markets
| New York, NY, USA September 1, 2004
: Overview and Trends
Celent Communications discusses trends in the equity markets and predicts who stands to win and lose in the face of Regulation NMS.
are huge and incredibly dynamic. Regardless of their role in the equities markets, firms are struggling with the way technology is changing their business models. The passage of Regulation NMS and the launch of NYSEs hybrid system are creating an atmosphere that will completely change the face of this market.
In a new report, : Overview and Trends, Celent provides a beginners overview of the equities markets. The report discusses structure, major players, competition, recent trends, and upcoming events. Major players include exchanges, ECNs, market makers, specialists, brokers, market aggregators, and block trading platforms. The economic models of specialists, ECNs, and exchanges are analyzed, with special attention paid to their revenue drivers and future challenges.
Celent asserts that Regulation NMS creates many more losers than winners. Broker-dealers will benefit specifically in the area of market data, but ECNs are more hurt than helped by the reform. Certain technology vendors and the NYSE also are at risk. A breakdown of Reg NMS impact on equities market players:
Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. Celent publishes reports identifying trends and best practices in financial services technology and conducts consulting engagements for financial institutions looking to use technology to enhance existing business processes or launch new business strategies. With a team of internationally based analysts, Celent is uniquely positioned to offer strategic advice and market insights on a global basis. Celent is a member of the Oliver Wyman Group, which is a wholly-owned operating unit of Marsh & McLennan Companies [NYSE: MMC].
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Table of Contents
|New York, NY, USA September 1, 2004|
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