Introduction to Financial TechnologyThe financial technology environment is a dynamic, high-pressured, fast-paced world in which developing fast and efficient buy-and-sell order processing systems and order executing (clearing and settling) systems is of primary importance. The orders involved come from an ever-changing network of people (traders, brokers, market makers) and technology. To prepare people to succeed in this environment, seasoned financial technology veteran Roy Freedman presents both the technology and the finance side in this comprehensive overview of this dynamic area. He covers the broad range of topics involved in this industry--including auction theory, databases, networked computer clusters, back-office operations, derivative securities, regulation, compliance, bootstrap statistics, optimization, and risk management—in order to present an in-depth treatment of the current state-of-the-art in financial technology. Each chapter concludes with a list of exercises; a list of references; a list of websites for further information; and case studies.
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... Internet Protocol (IP), governs reliable communication between “peer” computers on the Internet by requiring computers to acknowledge each message sent to each other. Handshake terminology is used routinely for other types of computer ...
... Internet routers. It is interesting to note that we still use the word “port” to refer to a physical electronic connection point or to a virtual peertopeer computer connection point using the TCP Internet standard. It is still very ...
... Internet. Electronic methods gradually replaced the pigeon in financial systems; however, pigeons continued to be used by the military. Even during World War II, many field commanders had a staff maintaining pigeons. In addition to ...
... Internet, multiplexing and demultiplexing take place in hubs and switches. The use of multiplex communications further reduces the cost of technology per message as it allows the sharing of more technology resources. This was another ...
... Internet is the Wikipedia: an opencontent encyclopedia in many languages. It has entries on the Pony Express, Chappe's telegraph, and the most recent Internet standards, as well as entries on classical writers such as Vitruvius ...