@periodical{OPUS4-21,
  title     = {Business Information Management},
  organization    = {Wicht, Wolfgang},
  issn      = {1860-1987},
  url       = {http://nbn-resolving.de/urn:nbn:de:hbz:836-opus-212},
  year      = {2004},
  abstract  = {The publication series 'Business Information Management' covers comprehensive and industry-specific themes out of the research and applied Information Management/System domain.},
  language  = {en}
}
@misc{WichtSweeney2004,
  author    = {Wicht, Wolfgang and Sweeney, Brian},
  title     = {Multi-National Electronic Brokerage - Pan-European IT Platform for domestic and cross-border securities business \& processing},
  series = {Business Information Management, 1},
  journal   = {Business Information Management, 1},
  publisher = {FH M{\"u}nster},
  doi       = {10.25974/fhms-22},
  url       = {http://nbn-resolving.de/urn:nbn:de:hbz:836-opus-227},
  year      = {2004},
  abstract  = {The former bull market has led to developments in the online brokerage industry such as over-capacity, profit-margin pressure, high fixed costs and unprofitable country expansion in the current bear market environment. In order to manage this situation, tactical measures like cost containment programs and closing of international brokerages have been applied. More strategic approaches like order flow consolidation by brokerage franchises, integrated online \& branch brokerages and multinational electronic brokerages are valid alternative responses to these developments. This article outlines the Multi-National Electronic Brokerage approach from a strategic, functional, operational and technical perspective.},
  language  = {en}
}
@misc{CorsiAnkertWicht2004,
  author    = {Corsi, Alessandro and Ankert, Michael and Wicht, Wolfgang},
  title     = {Transaction Banking for Electronic Brokerage - Multi-entity capable provision of execution for the Online Retail Brokerage Segment},
  series = {Business Information Management, 2},
  journal   = {Business Information Management, 2},
  publisher = {FH M{\"u}nster},
  doi       = {10.25974/fhms-23},
  url       = {http://nbn-resolving.de/urn:nbn:de:hbz:836-opus-239},
  year      = {2004},
  abstract  = {This article analyses the impacts on the brokerage business of existing market trends. It is here argued that the current situation shows the potential for insourcing offerings in the order routing.},
  language  = {en}
}
@misc{HesslerWichtHornung2004,
  author    = {Hessler, Matthias and Wicht, Wolfgang and Hornung, Sven},
  title     = {Multi-National and Multi-Entity capable Securities Order Management System for Electronic Brokerages},
  series = {Business Information Management, 3},
  journal   = {Business Information Management, 3},
  publisher = {FH M{\"u}nster},
  doi       = {10.25974/fhms-24},
  url       = {http://nbn-resolving.de/urn:nbn:de:hbz:836-opus-249},
  year      = {2004},
  abstract  = {The current bear market has forced electronic brokerages to compensate the transaction-driven fixed cost degression effect of bull markets by cost containment programs, while maintaining their position in the expanded markets. Orderflow consolidation will be the key principle to obtain the critical mass for this business. Options for the consolidation of the order flow can be the consolidation across internal entities / countries of the group and the acquisition of external order volumes e.g. via brokerage franchises. The current system landscape is not designed to support multi-national and multi-entity order flow consolidation. Fragmented, redundant, legacy-based and proprietary securities order management systems have been utilized to ensure market readiness in the former bull market. This article outlines the requirements and architecture for securities order management systems which enable the efficient orderflow consolidation across entities and countries in the brokerage industry.},
  language  = {en}
}