- English
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eBook - ePub
Financial Markets Operations Management
About this book
A comprehensive text on financial market operations management
Financial Market Operations Management offers anyone involved with administering, maintaining, and improving the IT systems within financial institutions a comprehensive text that covers all the essential information for managing operations. Written by Keith Dickinson—an expert on the topic—the book is comprehensive, practical, and covers the five essential areas of operations and management including participation and infrastructure, trade life cycle, asset servicing, technology, and the regulatory environment. This comprehensive guide also covers the limitations and boundaries of operational systems and focuses on their interaction with external parties including clients, counterparties, exchanges, and more.
This essential resource reviews the key aspects of operations management in detail, including an examination of the entire trade life cycle, new issue distribution of bonds and equities, securities financing, as well as corporate actions, accounting, and reconciliations. The author highlights specific operational processes and challenges and includes vital formulae, spreadsheet applications, and exhibits.
- Offers a comprehensive resource for operational staff in financial services
- Covers the key aspects of operations management
- Highlights operational processes and challenges
- Includes an instructors manual, a test bank, and a solution manual
This vital resource contains the information, processes, and illustrative examples needed for a clear understanding of financial market operations.
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Yes, you can access Financial Markets Operations Management by Keith Dickinson in PDF and/or ePUB format, as well as other popular books in Business & Finance. We have over one million books available in our catalogue for you to explore.
Information
PART One
CHAPTER 1
Introduction to Operations
1.1 INTRODUCTION
For every action there is a reaction. For every transaction, there has to be an appropriate sequence of processes such as a payment, a delivery of an asset, an exchange of information or a combination of these. We refer to this as an operational process. In this introductory chapter, we will see how an investment company's Operations Department relates to other departments within the company and other external organisations.
Firstly, we need to distinguish the operations of an organisational entity and the entity's post-transactional operations.
What do the following types of business actually do?
- Vineyard?
- Publisher?
- Hotel?
- Insurance company?
In simple terms, these businesses produce something (often referred to as outputs):
- Vineyards produce wine;
- Publishers produce books, newspapers and computer software;
- Hotels produce satisfied customers;
- Insurance companies help customers reduce their financial risks.
These outputs are the results of the transformation of a variety of inputs, including some of the following (the list is not exhaustive):
- Vineyard – grapes, yeast, water, sugar, etc.
- Publisher – authors, ideas, paper, digital resources, etc.
- Hotel – premises (rooms, dining areas), food, staff (front of house, catering, cleaning), ambiance, etc.
- Insurance company – products, sales staff, research & development staff, distribution channels, etc.
This is what businesses “do”; we know this as the business operations and the transformation of inputs into outputs are how each business operates.
Q&A
Question
An investment company is also a business operation. What do you think are the inputs and outputs? How might an investment company be profitable?
Answers
Table 1.1 gives the answers.
TABLE 1.1 Inputs and outputs of an investment company
| Inputs |
|
| Outputs |
|
| Sources of Revenue |
|
Table of contents
- Cover
- Series
- Titlepage
- Copyright
- Dedication
- Preface
- Acknowledgements
- PART ONE
- PART TWO
- PART THREE
- PART FOUR
- About the Author
- Index
- End User License Agreement