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International Workshop on Enterprise Applications and Services in the Finance Industry

FinanceCom 2014: Enterprise Applications and Services in the Finance Industry pp 79–89Cite as

Strategic Competitive Advantages Through Enterprise Systems: The Case of Exchange Systems

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Part of the Lecture Notes in Business Information Processing book series (LNBIP,volume 217)

Abstract

Enterprise Systems play a key role in securities trading. Exchange operators spend great effort in overhauling their IT-infrastructure to satisfy the needs of market participants who require faster and more resilient order management cycles. Previous studies have disregarded the question whether such specific IT-investments lead to competitive advantages. Against this background, we empirically analyze the impact of exchange system upgrades on the market share of the respective exchange. Using a benchmarking approach against the closest competitor, we find that exchange system overhauls significantly increase the attracted trading volume. We conclude that investments in enterprise systems provide benefits and lead to competitive advantages for the upgrading firm.

Keywords

  • Strategic IT advantage
  • Enterprise systems
  • Exchange systems
  • Execution speed

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  • DOI: 10.1007/978-3-319-28151-3_6
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Author information

Authors and Affiliations

  1. Goethe University Frankfurt, Grüneburgplatz 1, 60323, Frankfurt am Main, Germany

    Martin Haferkorn, Michael Siering & Kai Zimmermann

Authors
  1. Martin Haferkorn
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  2. Michael Siering
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  3. Kai Zimmermann
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Corresponding author

Correspondence to Martin Haferkorn .

Editor information

Editors and Affiliations

  1. Curtin University, Perth, West Australia, Australia

    Artur Lugmayr

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Haferkorn, M., Siering, M., Zimmermann, K. (2015). Strategic Competitive Advantages Through Enterprise Systems: The Case of Exchange Systems. In: Lugmayr, A. (eds) Enterprise Applications and Services in the Finance Industry. FinanceCom 2014. Lecture Notes in Business Information Processing, vol 217. Springer, Cham. https://doi.org/10.1007/978-3-319-28151-3_6

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  • DOI: https://doi.org/10.1007/978-3-319-28151-3_6

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-28150-6

  • Online ISBN: 978-3-319-28151-3

  • eBook Packages: Computer ScienceComputer Science (R0)