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> 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: | M027
(Also taught as: GS07)
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| Year: | 4 |
| Prerequisites: | COMP4026 is highly recommended, along with an understanding of the fundamentals of software engineering and basic economics. |
| Term: | 2 |
| Taught By: | Bruce Weber (100%)
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| Aims: | The module provides instruction in the impact and use of information technology in the financial services sector, including 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; be able to implement computer-based financial analysis and apply financial models to solve problems; understand how to use financial decision support software; have knowledge of specific classes of financial information systems such as electronic communication networks (ECNs) and multilateral auction systems, trader workstations, fund transfer networks and back office systems; and be able to apply the knowledge and understanding they have gained in real-world financial service contexts. |
Content:
| Introduction and Overview of Course Topics | Information Systems in the Financial Services Industry |
| Financial Software and Analytic Tools | Derivatives Analysis Software
Position Analysis and Hedge Construction
Options Markets
Currency Markets: Cash and Derivatives |
| Banking and Payment Processing Systems | Financial Transactions Processing Systems (TPS)
Advances in Payments and Transactions Technology
Competition in Payments Networks
Secure Payments and Electronic Money
Regulation of Payments and Digital Cash |
| Information Technology in the Financial Markets | Markets, Trading and Information Technology's role
Information Technology in Primary and Secondary Markets
Human Computer Interfaces: Black Box and Algorithmic Trading
Standards and Protocols for Financial Messaging
Effects of Electronic Markets on Exchanges and Traders |
| Financial Markets Infrastructure: Front-Office and Back-Office Systems | Trading Room Operations: Matching, Confirmations, Margining
After the Trade: Clearance and Settlement Systems
Control of Trading and Finance Activities
Disintermediation in Primary Markets and Trading/Secondary Markets |
Method of Instruction:
The module will be delivered through a sequece of in-class lectures, supplemented by coursework, hands-on exercises with software packages and financial data, and a final examination.
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 an overall pass mark of 50% for all sections combined
The examination rubric is:
Answer all three questions. The number of marks available for each question is as follows: Q1 = 45; Q2 = 30; Q3 = 25. N.B.This course is examined in the pre-Easter examination session. Resources:
Weber, B,. case and tutorials: 'IT in the Major International Financial Markets ', 'Derivatives Analysis Tutorial with Option Simulator', 'Compendium on Payments Systems', 'Optimark: Computerizing Block Trading', 'Value at Risk (VaR): A primer for VaR simulation analysis.'
Freedman, R. 'An Introduction to Financial Technology.'
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