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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... to 30/360, there are 29 days between May 1 and May 30, 30 days between May 1 and May 31, and 30 days between February 1 and March 1. Microsoft Excel has a builtin function, DAYS360, that computes dates. 63. 2.4. DAYS, MONTHS, AND YEARS.
... builtin function, DAYS360, that computes dates with 30E/360; for example, the Excel formula =DAYS360("5/1/2004","5/31/2004", TRUE) evaluates to 29. The 30E/360 day count basis is used for many European bonds. • Actual/360 The actual ...
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