Information markets

the long version

"Information is power - and in financial markets that power has long belonged to intermediaries responsible for managing the exchange of information among clients. But now, technology has made information simultaneously and easily accessible to all through a simple internet connection. Moreover, technology has codified many practices that once relied solely on human relationships and judgment, transforming the control of industry know-how and intellectual property, the structure of the financial markets, and ultimately, the makeup of the entire marketplace for information.". "In the midst of the so-called new economy, the evolution of financial markets provides a time-tested guide to how and why intermediaries and the information they work with are evolving along with technology. It also convincingly proves that these information intermediaries - or infomediaries - will not soon be replaced. In Information Markets, finance industry experts William J. Wilhelm, Jr. and Joseph D. Downing systematically explore the interplay between human capital and information technology in financial markets, and distill critical lessons for strategists in other information-rich businesses, including health care, law, entertainment, and publishing."--BOOK JACKET.