Monday, September 14, 2009

Electronic Exchanges The Global Transformation from Pits to Bits

Electronic Exchanges: The Global Transformation from Pits to Bits is a new book that is certainly the most comprehensive description on how and why trading migrated to electronic markets from the open outcry trading pit. Although it might appear as an academic work, it's very easy to read and a nice historical review of how the exchanges and marketplace has gotten to their current state. The two authors are highly qualified on the topic and the book is an essential addition to anyone who is interested in financial history. The cover photo looks to be of the SIMEX trading pit in Singapore.
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