03128nam a22004455i 4500001001800000003000900018005001700027007001500044008004100059020003700100024003500137050001100172072001600183072002300199072001500222100008400237245012200321250001800443264007900461300006500540336002600605337002600631338003600657347002400693505034200717520124201059650002702301650003802328650002802366650002802394710003402422773002602456776003602482776003602518776003602554856004602590912001402636912001502650999001702665978-3-031-53915-2DE-He21320251030112305.0cr nn 008mamaa240610s2024    sz |    s    |||| 0|eng d  a97830315391529978-3-031-53915-27 a10.1007/978-3-031-53915-22doi 4aHG4523 7aKFF2bicssc 7aBUS0270002bisacsh 7aKFF2thema1 aSpinner, Albin.eauthor.4aut4http://id.loc.gov/vocabulary/relators/aut97850914aThe Financial Metaverseh[electronic resource] :bTokens, Derivatives and Other Synthetic Assets /cby Albin Spinner.  a1st ed. 2024. 1aCham :bSpringer Nature Switzerland :bImprint: Palgrave Macmillan,c2024.  aXXI, 263 p. 39 illus., 22 illus. in color.bonline resource.  atextbtxt2rdacontent  acomputerbc2rdamedia  aonline resourcebcr2rdacarrier  atext filebPDF2rda0 aChapter I. Financial Metaverse : trading tokens, derivatives and other digital twins -- Chapter II. Market Finance -- Chapter III. Synthetic assets play a standardisation role -- Chapter IV. The economics of financial infrastructure -- Chapter V. The motivations of synthetic assets -- Chapter VI. Convention for valuation -- Conclusion.  aDerivative trading? That's something for Wall Street types, right? Maybe, but it also affects everyone else in ways that are still little appreciated. Futures traders have paralysed the global trade of nickel, a key component in the battery of your neighbour’s Tesla. For a few minutes one trading day during the pandemic, sellers of crude oil were paying buyers to take the stuff, defying the very notion of trading, in an episode straight out of “Alice in Wonderland”. Understanding how this obscure corner of finance works (and what happens when it doesn't) is a key pillar of financial literacy today. If you are a financial markets practitioner, everyday investor, academic, regulator, policy maker or kitchen-table economist, you need to know how financial derivatives really work and be aware of the emerging digital innovations that makes this market the highest stake metaverse. Albin Spinner is a banking professional with 30 years’ experience in three major financial centres (London, New York and Tokyo). He is currently working for an Asian investment bank in their Global Markets division after having traded 10 years for JPMorgan. His research interests include Market Structure and Design and Financial Sociology. 0aCapital market.959069 0aFinancial risk management.95904614aCapital Markets.97094324aRisk Management.9590472 aSpringerLink (Online service)0 tSpringer Nature eBook08iPrinted edition:z978303153914508iPrinted edition:z978303153916908iPrinted edition:z978303153917640uhttps://doi.org/10.1007/978-3-031-53915-2  aZDB-2-ECF  aZDB-2-SXEF  c60636d60636