Trading in the Financial Markets: Technology: Systems, Data, and Networks

Networks, systems, and data join the financial markets into a single interrelated environment that processes millions of transactions in real time. This volume, the third of four, investigates the interconnected nature of financial markets by examining networks, systems, and data in turn. Describing what technologies do instead of how they work, the book shows how they drive each step of the trading process. We learn why the speed and scope of financial automation are growing, and we observe the increasing importance of data in the regulatory process. Contributing to these explanations are visual cues that guide readers through the material. If knowledge comes from information, then this volume reveals much about the core of the finance industry.

Readership

New entrants into financial technology and financial markets positions, junior level financial technology and financial markets professionals looking to advance their careers.


Table of Contents

Background

Brief history of technology evolution
Basic concepts used in the discussion of relevant technology
Entities, customers, accounts, and counterparties
Quotes, orders, trade reports, displays and statutory reports
Customer reporting and maintaining holdings, while responding to external events such as executions, instrument changes and customer decisions

Part 1: Systems

Major types of systems, the purposes of systems, their attributes and important systems by entity and function

Part 2: Data

Types and attributes of data used in the trading markets.
The operational, business economic aspects of data, with extended discussion of the emerging discipline of ";enterprise data management";
The increasing importance of data in the regulatory process

Part 3: Network

The purpose and attributes, and important emerging standards that enhance the connectivity that is spreading throughout trading markets.

Part 4: Processes

Discussion of how each step in the trading process employs technology and generates information and events that affect all participants
Examination of process engineering flow from Book 2, looking at systems, data and networks for each step in the process.

Summary and Conclusions



Author Information

By R. "Tee" Williams, R. "Tee" Williams is a well-known consultant and Principal of Tee Williams Associates. Tee has built industry recognition as an expert on market data operations and strategy at his consulting company and during his tenure at R. Shriver Associates, The Dealers Market, SRI International, and GTE Financial Information Systems.