Financial Operating Systems
Published in SSRN Electronic Journal • Jan 1, 2020
Authors:,,
Dirk Andreas Zetzsche
William A. Birdthistle
Douglas W. Arner
Abstract
One of the most consequential yet unexamined developments in finance is the recent evolution of large financial technology platforms. In the first analysis of its kind, we scrutinize the world’s $89 trillion investment and asset management industry to explore the function of these systems, to consid...