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| STUDENTS
> Financial Information Systems
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Financial Information Systems
Note:
Whilst every effort is made to keep the syllabus and assessment records correct
for this course, the precise details must be checked with the lecturer(s).
| Code: | GS07
(Also taught as: 4027)
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| Year: | MSc |
| Prerequisites: | COMPGS06 is highly recommended, along with an understanding of the fundamentals of software engineering and economics. |
| Term: | 2 |
| Taught By: | Bruce Weber (100%)
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| Aims: | The module provides a broad overview of the use of information technology in the financial services sector, an important industry sector for information technology professionals in the Greater London area. The module provides exposure to and experience with different kinds of financial services software applications. |
| Learning Outcomes: | Upon successful completion of the module, students will understand information technology’s impact on banking and markets; have knowledge of the leading-edge applications of information technology in financial services firms; understand financial automation and how industry continues to be altered by telecommunications and information systems; understand how to implement computer-based financial analysis and models; understand how to use financial decision support software; have knowledge of specific classes of financial information systems such as electronic communications networks (ECNs) and other market systems, trader workstations, funds transfer networks, and back office systems; and be able to apply the knowledge and understand they have gained in real-world financial services contexts. |
Content:
| Introduction and Overview of Course Topics | Information Systems in the Financial Services Industry |
| Financial Software and Analytic Tools | Dertivatives Analysis Software
Position Analysis and Hedge Construction
Options Markets
Currency Markets: Cash and Derivatives |
| Banking and Payment Processing Systems | Financial Services
Impacts of Financial Technology: Digital Cash
Advances in Payments and Transactions Technology
Competition in Payment Networks
Secure Payments and Electronic Money |
| Information Technology in the Financial Markets | Financial Services Web Site Design and Development
New Bank Information Technology Strategies
Markets, Trading, and Information Technology
Systems and People on the New York Stock Exchange
Effects of Electronic Markets on Exchanges and Traders
New Trading Systems
Information Technology in Futures Trading |
| Financial Markets Infrastructure: Front-Office and Back-Office Systems | Trading Room Technology
After the Trade: Clearance and Settlement Systems
Disintermediation: Primary Markets
Disintermediation: Trading/Secondary Markets |
Method of Instruction:
Lecture presentations with associated tutorials and lab sessions.
Assessment:
The course has the following assessment components:
- Written Examination (2.5 hours, 75%)
- Coursework Section (2 pieces, 25%)
To pass this course, students must:
- Obtain at least 40% on the coursework component
- Obtain an average of at least 50% when the coursework and exam components of a course are weighted together
The examination rubric is:
Answer three questionsResources:
Mayer, 'The Bankers: New Worlds of Money, Credit, and Banking in an Electronic Age', 1997.
Weber, 'Hedge Construction with Option Simulator'.
Tibeldeo and Buben, 'Cashing in on Technology: A Primer on Electronic Payments Systems', IS Audit and Control, 1996.
Weber, 'IT in the Major International Financial Markets'.
Clemons and Weber, 'Turmoil, Transparency & Tea', 1992.
'The OptiMark Experience: The First Eighteen Months'.
Uretsky and Weber, 'Next-Generation Trading in Futures Markets: The Cantor Financial Futures Exchange (CFFE)', 1998.
Weber, 'Trade Order Management: A FIX Protocol Primer', 1997
Clemons and Weber, 'The Changing Nature of the Financial Services Industry'.
Grody and Weber, 'Global Electronics Market Study', Global Custodian, 1994.
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