Class 9: Trading & Capital Markets

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Lecture Slides

This resource may not render correctly in a screen reader.Class 9 Lecture Slides: Trading and Capital Markets (PDF)

Readings

Required Readings

'How Robinhood Changed an Industry' John Divine, US News (October 17, 2019)

'Charles Schwab and the New Broker Wars' Daren Fonda, Barron's (October 4, 2019)

'Robo-Advisors: Product vs. Platform' Henry O’Brien, The Startup (June 10, 2019)

Optional Readings

'The Death of Brokerage Fees Was 50 Years in the Making' Stephen Mihm, Bloomberg (January 3, 2020)

'8 Best Robo-Advisors of 2020', Eric Rosenberg, The Balance (November 20, 2019)

Study Questions / Issues to Prepare

  1. How did online brokers emerge during an earlier stage of FinTech development? How were Robinhood and this era’s FinTech startups able to further disrupt the brokerage world?
  2. How are robo-advisors transforming the provision of retail asset management services? How has Big Finance—incumbent asset managers and banks—reacted?
  3. What are FinTech trends and applications affecting trading, asset management & capital market infrastructure?