Book description
Giving IT professionals in financial services firms a rounded and comprehensive grounding in their knowledge of their industry, this book offers a primer on the major financial instruments, transactions, and processes, as well as a sound knowledge of the principles of good IT management in the industry.
The book gives readers a clear understanding of equities, bonds, currencies, listed derivatives and OTC derivatives. It explains transactions in those instruments and the requirements of business systems that process these transactions. Transactions covered include (inter-alia) agency and principal purchases and sales, loans and deposits, repos and reverse repos, stock loans; and also the Sharia-compliant 'Islamic' transactions that may be used as alternatives to interest bearing transactions.
Andrew Bradford gives an introduction to how investment firms are regulated; offers an understanding of the STP (Straight-through-Processing) concept following the trade cycle for the transactions from order through to execution through pre-settlement to final settlement; covers basic accounting procedures for the transactions; and conveys the basic principles of good IT management in the investment industry.
Table of contents
- Cover
- Half Title page
- Title page
- Copyright page
- Dedication
- Introduction
- Acknowledgements
-
Part One: Investments and Securities Explained
- Chapter 1: An Introduction to Financial Instruments
- Chapter 2: Equities
- Chapter 3: Debt Instruments
- Chapter 4: Cash
- Chapter 5: Derivatives
- Chapter 6: Common Attributes of Financial Instruments
- Chapter 7: Market Participants
- Chapter 8: How Investment Firms are Regulated
- Chapter 9: Straight-Through-Processing
-
Chapter 10: The Role of Accurate Static Data in the STP Process
- 10.1 Static Data Overview
- 10.2 Duplication of Static Data Across Systems
- 10.3 Instrument Group Static Data
- 10.4 Instrument Static Data
- 10.5 Trading Party and Settlement Agent Static Data
- 10.6 Standard Settlement Instructions (SSIs)
- 10.7 Static Data that is Internal to the Firm Concerned
- 10.8 Normal Working Days and Public Holidays
- 10.9 Country Information
- Chapter 11: Communications Between Industry Participants
- Chapter 12: The Trade Agreement and Settlement Processes
- Chapter 13: Failed Trades – Causes, Consequences and Resolution
- Chapter 14: An Overview of Investment Accounting
- Chapter 15: The Stock Record – Using the Double-entry Convention to Control Positions and Security Quantities
- Chapter 16: Example STP Flows of Equity Agency Trades – When Execution Venue is the London Stock Exchange
- Chapter 17: The STP Flow of Debt Instrument Trades
- Chapter 18: The STP Flow of Foreign Exchange and Money Market Trades
- Chapter 19: The STP Flow of Futures and Options Transactions
- Chapter 20: The STP Flow of Swap and other OTC Drivative Trades
- Chapter 21: Stock Lending, Repos and Funding
- Chapter 22: The Impact of Islamic Finance
-
Chapter 23: The Management of Positions
- 23.1 Introduction
- 23.2 Trade Dated, Value Dated, Settled and Depot Positions
- 23.3 Interest Payments and Interest Rate Fixings
- 23.4 Collection of Maturity Proceeds
- 23.5 Dividend Payments
- 23.6 Corporate Actions
- 23.7 Listed Derivatives – Contract Expiry and Delivery Dates
- 23.8 Marking Positions to Market
- 23.9 Accrual of Interest
- 23.10 Other Accruals
- 23.11 Reconciliation
- Chapter 24: The Management of Risk
- Part Two: Good IT Practice in the Investment Industry
- Appendix 1: Bond Market Price Calculations
- Appendix 2: Summary of Contractual Documents
- Further Reading
- Glossary of Terms
- Index
Product information
- Title: The Investment Industry for IT Practitioners: An Introductory Guide
- Author(s):
- Release date: November 2008
- Publisher(s): Wiley
- ISBN: 9780470997802
You might also like
book
The Money Markets Handbook: A Practitioner's Guide
In The Money Markets Handbook Moorad Choudhry provides, in one comprehensive volume, the description, trading, analysis …
book
Architects of Electronic Trading: Technology Leaders Who Are Shaping Today's Financial Markets
Insights that can help you improve your technology edge Featuring contributions from technology visionaries at leading …
book
Financial Markets for Commodities
Agricultural, energy or mineral commodities are traded internationally in two market categories: physical markets and financial …
book
IT Best Practices for Financial Managers
Praise for IT Best Practices "The work of the financial manager revolves around a company's financial …