Includes bibliographical references (pages 205-234) and index.

Acknowledgments vii Introduction: Let the Battle for Wall Street Begin ix Part One: Instruments of Change 1 Chapter 1 Sea of Liquidity 3 Chapter 2 Financial Information in a Digital Age 17 Chapter 3 Prime Brokerage Meeting Hall 37 Part Two: Agents of Change 47 Chapter 4 Hedge Funds: Buy-Side Player, Sell-Side Foe 49 Chapter 5 Private Equity: Buy-Side Player, Sell-Side Friend 67 Chapter 6 Entrepreneurs to Endowments: Buy-side Catalysts 87 Chapter 7 Exchanges: Sell-Side Voice, Buy-Side Electronics 107 Chapter 8 Sovereign Wealth Funds: Sell Side Today, Buy Side Tomorrow 123 Part Three: Implications of Change 135 Chapter 9 Sell-Side Casualties, Buy-Side Implications 137 Chapter 10 Buy-Side Casualties, Sell-Side Implications 155 Chapter 11 Regulatory Implications 171 Chapter 12 Future Implications 191 Notes 205 About the Author 235 Index 237

The Battle for Wall Street analyses the struggle for power between traditional financial institutions and recent upstarts empowered by significant changes in technology and access to information. These changes have allowed the near instantaneous rise of hedge funds and the recent aggressive moves by private equity firms.