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An Introduction to Trading In the Financial Markets: Technology: Systems, Data, and Networks by R. Tee Williams

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3

Tasks

The tasks performed in conjunction with systems that support the functions developed to support the activities in the trading markets are common to all software systems, but financial firms have unique requirements for many of these tasks (see Figure 1.3).

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Figure 1.3 All software performs five basic tasks in support of the trading markets.

Entering

Entering information into financial software is a source of major problems and the primary cause of data errors. (A sidebar in Part 2 on data recounts a problem that manual data entry created.) Therefore, firms invest in developing entry capabilities that check and verify the information entered, ...

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