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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... decimal point. Introduction to Financial Technology surveys price and time notations used for financial computations. In most cases, there are no formal mathematical proofs: this is not a book on finance nor is this a book on ...
... decimal (base 10) system, the Babylonians used a sexigesimal (base 60) system for computing. Their cuneiform database records (some over 3000 years old) are completely legible. The tally stick (from French tailler, to cut, tailor) was ...
... type, such as notation N2). All of these were used by various authors to specify — in abbreviated symbolic — mathematical and financial ideas. Representing Numbers Today we use a decimal or “base 10”. 38. CHAPTER ♢ 2 Prices, Interest, ...
... decimal numbers — numbers written with numerals 0–9 (the decimal point was not invented yet) — was popularized in Europe by the merchant Leonardo of Pisa (1175–1250), who was also known as Fibonacci. Over 200 years later, Fibonacci's ...