Capital Market Revolution

"Nowadays, the innovative dynamic favors electronic markets. Introducing a new contract on computer screens is much simpler and cheaper for all parties."

"Disintermediation threatens the firmament of every single existing marketplace."

"The status quo in stock markets is not dead. There is simply no more status quo."

"The cozy tradition of exchanges protecting their members' "errors" simply will not wash in the information age. "

"In the Capital Market Revolution the combination of nimbleness and much lower capital requirements hands the advantage in many lines of work straight to the "microbankers." "

"In the new era, brokers are going to need to be smarter, more conversant with product areas outside their own horizons, and have a greater global knowledge than ever before."

"The dangers of human arrogance over the elements will remain the greatest risk to investment losses."

"Armed with a judicious dose of discipline and reasonable application, just about any reasonably capitalized individual has the opportunity to make it as a professional trader. "

"The law of the jungle will rule."

"They will be capable of handling vastly complex banking transactions from almost any part of the globe. They will exist almost entirely in cyberspace?virtual banks servicing a virtual world. "

"The Capital Market Revolution is likely to become a huge destroyer of jobs. At the same time, the benefits for those well placed will be quite stunning."