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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... Databases for Past, Present, and Future Prices 135 4.6. Notes and References 139 4.7. Discussion Questions 142 CHAPTER 5 Identifying Financial Objects 143 5.1. Symbology: Identifying Issuers and Owners 143 5.2. Other Identifiers in ...
... database keys. Introduction to Financial Technology reviews and describes them. The trend to replace physical delivery with virtual delivery (sometimes called straightthrough processing) has continued for the past 150 years; current ...
... database records were updated. Payers would only get a receipt. Today's stock transfer protocol is similar in that a centralized database of all shareholders is maintained. Database records need to be changed to indicate ownership. The ...
... database or no object persistence). Database records were written on papyrus (an expensive type of flammable paper) or on less flammable but much more expensive animal skin parchment (called vellum, related to the word veal). One ...
... database entry was as follows. Suppose A lends money to B. The amount recorded (scored) on a tally stick was, according to the 12th century English Dialog of the Exchequer, ...the distance between the tip of the forefinger and the thumb ...