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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... routing broker, market maker, clearing member, regulator — and who is not. Introduction to Financial Technology can help the reader assess these trends and help the reader understand how these financial systems work. I want to ...
... 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 expensive to ...
... routers. Chappe's system consisted of a network of transmitting stations. Each station consisted of a tower hooked up with two wooden arms, with each arm movable to seven distinct positions. Each distinct position encoded a letter ...
... routing based on address. Innovations. in. the. Chappe. Telegraph. Network. The early optical (semaphore, fires, smoke) ... routers: trusted intermediaries along a communication path. The job of a repeater is to receive a message and relay it ...
... Router. Protocol. The thirdlevel protocol governed how a message was routed along one tower route or another tower route from source to destination. At special points in the network several tower routes converged. At such a routing point ...