Table of Contents
Future Trends...
The world is running faster
World Trends and
Telephone Costs Fall
Telecommunications US
Satellite Phones
Technology means lower costs
Technology means job losses
Technology means job losses
Technology means lower margins
More Microprocessors than People
Techno -Redundancy
Speech recognition already 95% accurate at 100 words per minute -
The Network Society
UUNET adding bandwidth tenfold every year to cope
Internet Power
Larger and Faster
Military Grade Security
Modems (Analog)
Telecom merging ...
Future Trends...
Future Trends...
Future Trends...
Net phones ++
BT - Office on Wrist
Net TV - 10,000 stations ...
New threat to Telecom future
New threat to Telecom
New threat to Telecom
New threat to Telecom
Any power socket becomes fast data connection
1 megabit per second - ten times faster than ISDN
Every home becomes intelligent
Every office is fully networked
Just power sockets in buildings ?
Threat to Telecom cable network
Power Co + Net = Telecom
Nortel-Norweb providing net in UK already
Any power socket gives global access to traders
Global Bargain Hunters
Executives will be totally networked
Save Travel Time
Save Travel Time
Life’s too short to spend in airports
Travel can damage your business ...
There are other ways to work
What did your competitors get up to while you were away?
5 million in America already work from home using networks
How digital will we become? Virtual Work
Empire Style Management
Virtual Companies
Intranet Explosion
Video Conference - dead technology
Video Link for Investors
Digital View - Virtual Work
BT - on-line surgery
Virtual Reality
Future Trends...
Building sent by e-mail
Alpha-world - virtual meetings
Future Trends...
Virtual Trading? - Virtual Exchange?
What will be the effect on people ?
Web access high in Switzerland
My son is 8 years old
“Do we HAVE to go shopping ?”
“I’ll do it on the net !”
“Shopping on the net is FUN”
In London - shopping in Zurich
Total Web Market
Reasons people buy on net
E-commerce
Net Advertising
E-commerce - Amazon.com
E-commerce - CISCO
Cars sell on the net….
Cyber Tax Haven
So what should we do ?
Executive Reactions
Struggle for DynamicVision
Don’t believe market research
Companies will be more Virtual
Example of financial services industry
Old Finance Industry
Attackers and defenders (Foster)
Attackers / Defenders
Attackers / Defenders
Branches are Dying
Non-Paper payments %
Future Trends...
Future Trends...
Future Trends...
Electronic Commerce
Electronic Commerce
Real time prices for free
Volumes up as costs fall
On-line Investors
Future Trends...
Future Trends...
Future Trends...
On-line Investors
Hong Kong
Future Trends...
On-line trading worries
Internet trading in Europe
National Exchanges
EMU One continent - one stock market?
Change or Die
Remote Membership
Success brings success
New possibilities: ROX Risk Orientated Stock Exchange
IT percentage of operating costs
The robots are taking over ...
Future Trends...
Conclusions
The biggest challenge to Swiss Exchange will be to change even faster than the technology - to gain clear advantage Either we take hold of the future or the future will take hold of us
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Home Page: http://www.globalchange.com/search.htm
Other information:
by Dr Patrick Dixon, Chairman Global Change Ltd. For
Swiss Exchange. The future of stock exchanges. Can stock
exchanges
survive?
Virtual
exchanges and
virtual trading platforms. The end of national exchanges. New
alliances and partnerships. Encouraging liquidity and stability
in exchanges. Building trust, impact of new technologies
on
financial insitutions, dealers, trading floors, stock-brokers,
private individuals. Online trading trends. The future of
online
brokerage. Winners and losers in a digital world. Why many
traders are blind to the techno-revolution. Why people will
be reluctant
to pay for advice, once it becomes impossible to maintain margins
on trading commissions and charges alone.
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