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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... specifying the future value of money). A martingale is also a type of animal collar — a restraint. A collar is also the name of a financial strategy that involves the simultaneous purchase and sale of options. Risk Management Technology ...
... specified transmission error detection and correction and specified conflict resolution between “colliding signals” (signals traveling in opposite directions). These control signals seem to be the origin of our “control keys” found on ...
... specified in advance of the actual performance of the business. Shareholders take more risk: they do not know in advance what the business performance (and payment distributions) will be. What if the business fails? Typically, in order ...
... 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, Time.
... specified by 4 base 16 (hexadecimal) digits, with each digit represented by 1 of 16 symbols 0–9, A–E. The IPv6 convention is to use a colon as a separator between two base 65536 numbers. For example, one IPv6 internet address is 1234 ...