Financial Collaborative Trading Networks

Shahin Shojai

Journal of Financial Transformation, 2001, vol. 1, 30-37

Abstract: This paper reviews the growth of the online business-to-business marketplaces and proposes that intense competition between and among horizontal hubs and vertical exchanges will lead to consolidation. Financial collaborative trading networks (CTNs) would follow as a consequence. CTNs allow collaboration among providers to ensure that customers receive only the best service from network members. To become best-of-breed in their core services, many financial institutions will outsource their non-core services to business service providers (BSPs). BSPs focus on providing best-of-breed back- and middle-office management, freeing institutions to focus on meeting client needs. The ability to outsource will significantly lower barriers to entry into this industry. Consequently, most large financial institutions will find themselves competing with many new financial services industry entrants.

Keywords: Financial markets; e-business; e-finance; BSPs; ASPs; new operating models; new models of competition; collaboration (search for similar items in EconPapers)
JEL-codes: D20 D40 D51 D53 D70 G10 (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jofitr:0008

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