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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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4

Purpose

Information can be employed for a variety of purposes within the trading markets as can be seen in Figure 2.4.

image

Figure 2.4 Data purpose defines specific categories of needs for which information is employed within the trading market.

Trading

Data used as input to the decision to trade and/or to price an order sent to the markets in anticipation of an execution is extremely valuable. In addition to information on quotes and recent prices produced by trading venues, trading data includes news, commentary, and research information that helps in the decision to trade as well as in deciding what a fair value is for an instrument.

Accounting ...

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