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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From inside the book
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... Morse telegraph technologies. In the evolving collaboration between people and computers, it is becoming increasingly difficult to tell who is automated — trader, broker, routing broker, market maker, clearing member, regulator — and ...
... Morse electromagnetic telegraph. Here is what a 200mile trip from Bremen to Leipzig in the 1820s (a 4hour trip by commuter train today) was like: The journey has lasted four days and four nights and. 8. CHAPTER ♢ 1 What Is Financial ...
... Morse telegraph, stations were specific locations (such as shipping ports or depots) that maintained services for the agents (called carriers or couriers) who physically carried the messages, mail, news, money, and commodities. Today ...
... Morse telegraph and railroad; the better companies quickly integrated these technologies into their stagecoach system. Both network technologies established the legal precedents of “carrier” communication networks used in case law today ...
... Morse telegraph technology became more available, Reuter would open offices close to the main telegraph facilities; his motto was “follow the cable.” This motto served the corporation well as the Morse telegraph network evolved into the ...