ForexintheFutureImplicationsforAssetManagement分析.pptVIP

Forex in the Future: Implications for Asset Management Campbell R. Harvey Duke University, Durham, NC USA National Bureau of Economic Research, Cambridge MA USA /~charvey * Forex in the Future:-----Current landscape Market $1.500 trillion in forex transacted every day* $0.020 trillion stocks transacted on NYSE *Does not include forwards, swaps, and options! Forex in the Future:-----Current landscape Trading Basic technology has not changed in decades Phone around to banks/investment banks and get a quotation Take the best price Forex in the Future:-----Trading technology Trading Basi