Andrew Bradford

The Investment Industry for IT Practitioners (eBook, PDF)

An Introductory Guide

• Format: PDF

Produktbeschreibung

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.

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Produktdetails

• Verlag: John Wiley & Sons
• Seitenzahl: 408
• Erscheinungstermin: 22. November 2011
• Englisch
• ISBN-13: 9780470721230
• Artikelnr.: 37298557

Autorenporträt

Andrew Bradford (Cheshunt, UK) is a Consultant and an Associate of the Securities and Investment Institute with expertise and background in back office operations, and systems analysis. He has contributed articles to a wide range of financial industry periodicals published in the UK, Europe and the United States including STP Magazine, Derivatives Report, Funds Europe, Journal of Securities Operations, Wall Street and Technology, Trading Technology Week and Futures & Options World. Andrew is the author of the SII IAQ Workbook IT in Investment Operations published in May 2007. Currently a freelance consultant, he has held positions in IT, Operations and Marketing for Merrill Lynch, ABN Amro, Sanwa Bank and ACT Financial Systems.

Inhaltsangabe

Contents Introduction Acknowledgements PART ONE 1 An Introduction to
Financial Instruments 2 Equities 3 Debt Instruments 4 Cash 5 Derivatives 6
Common Attributes of Financial Instruments 7 Market Participants 8 How
Investment Firms are Regulated 9 Straight-Through-Processing 10 The Role of
Accurate Static Data in the STP Process 11 Communications Between Industry
Participants 12 The Trade Agreement and Settlement Processes 13 Failed
Trades - Causes, Consequences and Resolution 14 An Overview of Investment
Accounting 15 The Stock Record -Using the double-entry Convention to
Control Positions and Security Quantities 16 Example STP Flows of Equity
Agency Trades - When Execution Venue the London Stock Exchange 17 The STP
Flow of Debt Instrument Trades 18 The STP Flow of Foreign Exchange and
Money Market Trades 19 The STP Flow of Futures and Options Transactions 20
The STP Flow of SWAP and other OTC Derivative Trades 21 Stock Lending,
Repos and Funding 22 The Impact of Islamic Finance 23 The Management of
Positions 24 The Management of Risk PART TWO 25 The Role of the IT
Department in Daily Operations 26 The Role of the IT Department in Managing
Business Change 27 Package and Vendor Selection, Outsourcing and Offshoring
Appendix 1 Bond Market Price Calculations Straight bond calculations Simple
yield to maturity Gross redemption yield FRN calculations Simple margin
Discounted margin Valuation methodologies for other types of debt
instrument Appendix 2 Summary of Contractual Documents Appendix 3 Further
Reading Glossary of Terms Index