| 000 | 02876naaaa2200397uu 4500 | ||
|---|---|---|---|
| 003 | oapen | ||
| 005 | 20230315171616.0 | ||
| 006 | m o d | ||
| 007 | cr|mn|---annan | ||
| 008 | 202202s2022 x |||||o ||| eng|| d | ||
| 020 | _a9781003095354-5 | ||
| 020 | _a9780367558406 | ||
| 020 | _a9780367558345 | ||
| 040 |
_aoapen _coapen |
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| 041 | 0 | _aeng | |
| 080 | _a336 | ||
| 100 | 1 |
_aHarasim, Janina _4auth |
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| 245 | 1 | 0 | _aChapter 5 FinTechs, BigTechs and structural changes in capital markets |
| 260 |
_bTaylor & Francis _c2022 |
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| 300 | _a1 electronic resource (21 p.) | ||
| 336 |
_atext _btxt _2rdacontent |
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| 337 |
_acomputer _bc _2rdamedia |
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| 338 |
_aonline resource _bcr _2rdacarrier |
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| 506 | 0 |
_aOpen Access _2star _fUnrestricted online access |
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| 520 | _aThis chapter aims at exploring some theoretical issues associated with the impact of technology companies on the market structure in the financial industry with the special focus on capital markets. Based on the industrial organization theory, as well as on an extensive literature review, research to date, and industry reports, the attempt was made to identify main structural changes resulting from FinTech's activity in this market segment. It was found that, in contrast to the banking sector, BigTechs are not interested in entering into capital markets. This can be explained by complexity of investment services and weak synergies between them and non-financial services offered by technology giants. As a result, digitalization in capital markets is driven rather from inside and supported by FinTechs. In the stock market, the development of high-frequency trading resulted in the increasing centralization of trade that neither facilitated market access nor eliminated the market asymmetry. Nonetheless, FinTech solutions allowed reductions in transaction costs and increase in short-term market efficiency. In the asset management and mutual funds industry digital platforms, developed mostly by incumbents, by lowering transaction costs and reducing communication frictions made investing easier and cheaper for individuals, however their decisions became more speculative. | ||
| 540 |
_aCreative Commons _fhttps://creativecommons.org/licenses/by-nc-nd/4.0/ _2cc |
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| 546 | _aEnglish | ||
| 650 | 0 |
_aЭкономическое развитие _94454 |
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| 653 | _aБанковское дело | ||
| 653 | _aМакроэкономика | ||
| 773 | 1 | 0 |
_tThe Digitalization of Financial Markets _7nnaa _oOAPEN Library UUID: 9b47960a-f182-4557-808a-3578ee68ce99 |
| 856 | 4 | 0 |
_awww.oapen.org _uhttps://library.oapen.org/bitstream/id/f4359287-6c74-4568-a108-8c8c928eb6b4/9780367558345_10.4324_9781003095354_5.pdf _70 _zDownload |
| 856 | 4 | 0 |
_awww.oapen.org _uhttps://library.oapen.org/handle/20.500.12657/52929 _70 _zDescription |
| 909 |
_c255 _dRobiyakhon Olimjonova |
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| 942 |
_2udc _cEE |
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| 999 |
_c5870 _d5870 |
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