From the Back Cover
Giving IT professionals in financial services firms a rounded andcomprehensive grounding in their knowledge of their industry, thisbook offers a primer on the major financial instruments,transactions, and processes. It offers a sound knowledge of theprinciples of good IT management in the industry.
The book gives the IT professional a clear understanding ofequities, bonds, currencies, listed derivatives and OTCderivatives. It explains transactions in those instruments and therequirements of business systems that process these transactions.Transactions covered include (inter-alia) agency and principalpurchases and sales, loans and deposits, repos and reverse repos,stock loans, and also the Sharia-compliant â??Islamicâ??transactions that may be used as alternatives to interest bearingtransactions.
Andrew Bradford gives an introduction to how investment firmsare regulated. He offers an understanding of the STP(Straight-through-Processing) concept following the trade cyclefrom order through to execution through pre-settlement to finalsettlement and covers basic accounting procedures for thetransactions. The book conveys the basic principles of good ITmanagement in the investment industry.
About the Author
) 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.