15.S08 | Spring 2020 | Graduate

FinTech: Shaping the Financial World

Class 9: Trading & Capital Markets

Lecture Slides

Class 9 Lecture Slides: Trading and Capital Markets (PDF)


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?

Course Info

As Taught In
Spring 2020
Learning Resource Types
Lecture Videos
Lecture Notes
Written Assignments
Instructor Insights