Description

Networks, systems, and data join the financial markets into a single interrelated environment that processes millions of transactions in real time.  This volume, the third of four, investigates the interconnected nature of financial markets by examining networks, systems, and data in turn.  Describing what technologies do instead of how they work, the book shows how they drive each step of the trading process.  We learn why the speed and scope of financial automation are growing, and we observe the increasing importance of data in the regulatory process.  Contributing to these explanations are visual cues that guide readers through the material.  If knowledge comes from information, then this volume reveals much about the core of the finance industry.

Key Features

  • Explains how technologies and data make the financial markets one of the most automated industries
  • Describes how each step in the trading process employs technology and generates information
  • Presents major concepts with graphs and easily understood definitions

Readership

New entrants into financial technology and financial markets positions, junior level financial technology and financial markets professionals looking to advance their careers.

Table of Contents

Preface for the Set

Features of the books

Acknowledgments

Preface

Overview

Taxonomy of markets

Entities

Instruments

Functions

Investing and trading

Processes

Global markets

Background

History

Concepts

Visual Glossary

Preface

Overview

Background

Part 1: systems

Part 2: data

Part 3: networks

Part 4: trading process

Part 1: Systems

Introduction

1. Purposes

Display and presentation

Analysis and decision making

Measurement and comparison

Workflow management

Database management

Inventory control

Accounting

Reporting

2. Functions

Buy side

Sell side

3. Tasks

Entering

Updating

Posting

Reconciling

Presenting

4. Events

Accounts

Instruments

5. Organization

Related information in other books

Part 2: Data

Introduction

1. Types

Process data

Reference data

Market data

Identifiers and segments

2. Characteristics

Freshness

State

3. Sources

Trading venues

Issuing companies

Instrument registration

The sell side

The buy side

Vendors

Regulators and governments

4. Purpose

Trading

Accounting and reporting

Risk management and compliance

Regulation and oversight

5. Functions

Buy side

The sell side

6. Business

Tasks

Groups

Ownership

Pricing

Distribution

7. Management

Acquisition

Normalization

Quality control

Database

Entitlements

Inventory control

Cost control

Reporting

Governance

8.

Details

No. of pages:
496
Language:
English
Copyright:
© 2011
Published:
Imprint:
Academic Press
Print ISBN:
9780123748409
Electronic ISBN:
9780080951195

About the editor

R. Tee Williams

R. "Tee" Williams is an expert on market data operations and strategy.

Affiliations and Expertise

R. "Tee" Williams is a well-known consultant and Principal of Tee Williams Associates. Tee has built industry recognition as an expert on market data operations and strategy.