Liebenberg gauges the impact of the electronic medium on the global financial markets and the business of securities trading.Connectivity on a global scale and the birth of artificial intelligence are wreaking change of epic proportions on the financial markets. In the emerging global electronic economy, the power of money and its institutions will be unprecedented.The Electronic Financial Markets of the Future charts the evolutionary course of money and the markets in which it is traded. It gives a shrewd appraisal of the strategic response of broker-dealers to these mega-trends, and provides a simple set of tools for prospecting in an electronic environment that is as fertile as it is hostile. This book provides unrivalled coverage of e-business as it applies to financial markets and to the financial institutions that operate within these markets.