Capital Market Revolution: The Future of Markets in an Online World was written in 1998 and published on July 1st 1999, was devoted to the future of markets in an online world and brought to life the struggles amongst a reactionary financial markets industry to reform and the threat of the new technology that was redefining the business.

It’s rather amusing to reflect a decade or so later that the book was as controversial as it was, considering how it outlined what now seem like blatant truisms, such as:

• electronic trading would render open outcry floor trading obsolete

• the future of exchanges would be as for profit entities as mutualisation became outmoded

• hedge funds (and alternative funds) would become a massive element of the investment markets

• ETFs would grow exponentiallly to rival conventional passive funds

• That sports and prediction markets would be a significant element of the future