Market Structure Developments In The Clearing Industry


Market Structure Developments In The Clearing Industry
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Clearing Services For Global Markets


Clearing Services For Global Markets
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Author : Tina P. Hasenpusch
language : en
Publisher: Cambridge University Press
Release Date : 2009-09-24

Clearing Services For Global Markets written by Tina P. Hasenpusch and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-09-24 with Business & Economics categories.


Clearing forms the core part of a smooth and efficiently functioning financial market infrastructure. Traditionally, it has been provided by clearing houses, most of which today act as a 'central counterparty' (CCP) between the two sides of a trade. The rapid growth of cross-border trading has sparked discussion on the most efficient industry structure - particularly in Europe and the US. At the heart of this discussion lies the question of whether the implementation of a single clearing house creates greater benefits than a more competitive but interlinked market structure. This is the starting point for this book, which analyses the efficiency of clearing and clearing industry structure. Along with clear-cut definitions and a concise characterisation and descriptive analysis of the clearing industry, the book determines the efficiency impact of various cross-border integration and harmonisation initiatives between CCPs. This serves to identify the most preferable future structure for the clearing industry.



Recommendations For Central Counterparties


Recommendations For Central Counterparties
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Author : Group of Ten. Committee on Payment and Settlement Systems
language : en
Publisher:
Release Date : 2004

Recommendations For Central Counterparties written by Group of Ten. Committee on Payment and Settlement Systems and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Clearing of securities categories.




Liquidity Markets And Trading In Action


Liquidity Markets And Trading In Action
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Author : Deniz Ozenbas
language : en
Publisher: Springer Nature
Release Date : 2022

Liquidity Markets And Trading In Action written by Deniz Ozenbas and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Business enterprises categories.


This open access book addresses four standard business school subjects: microeconomics, macroeconomics, finance and information systems as they relate to trading, liquidity, and market structure. It provides a detailed examination of the impact of trading costs and other impediments of trading that the authors call rictions It also presents an interactive simulation model of equity market trading, TraderEx, that enables students to implement trading decisions in different market scenarios and structures. Addressing these topics shines a bright light on how a real-world financial market operates, and the simulation provides students with an experiential learning opportunity that is informative and fun. Each of the chapters is designed so that it can be used as a stand-alone module in an existing economics, finance, or information science course. Instructor resources such as discussion questions, Powerpoint slides and TraderEx exercises are available online.



Market Making And The Changing Structure Of The Securities Industry


Market Making And The Changing Structure Of The Securities Industry
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Author : Yakov Amihud
language : en
Publisher: Beard Books
Release Date : 2002

Market Making And The Changing Structure Of The Securities Industry written by Yakov Amihud and has been published by Beard Books this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.


This is a reprnit of a previously published book. it deals with changes on the U.S. financial market by the Securities Acts Amendment of 1975.



Clearing Settlement And Custody


Clearing Settlement And Custody
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Author : David Loader
language : en
Publisher: Butterworth-Heinemann
Release Date : 2002

Clearing Settlement And Custody written by David Loader and has been published by Butterworth-Heinemann this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.


'Clearing, Settlement and Custody' focuses on the clearing, settlement and custody functions by analyzing how they work and the interaction between the organizations involved. The author examines the roles of clearing houses, central counterparties, central securities depositories and the custodians, as well as, assessing the impact on the workflow and procedures in the operations function at banks, brokers and institutions. The changes that are taking place in the industry are explored and the impact for operations managers and supervisors assessed. Clearing, settlement and custody is at the heart of everything that happens in the financial markets. The evolution of clearing and settlement is one that is still happening and as such, it is impacting on the operations function through both new practices but also, increasingly, in terms of regulation, risk and reputation. In essence the efficient clearing and settlement operation is managing risk, not because it is a direct part of the process but more because it is a bi-product. The routine procedures relate to reconciliation and record keeping. If these are performed efficiently and accurately it will result in accurate records of activity and profit and loss. The settlement process is a key element in identifying and correcting errors made by dealers and traders. Failure to identify the error or act promptly will result in potentially serious financial loss, as well as worrying audit and the regulators. In addition to these concerns the financial service sector is also undergoing a massive rationalization of the structure of clearing and settlement and seeking the twin goals of automation and shortening settlement cycles. The challenge for operations managers is considerable: manage costs, eradicate inefficiencies, create an environment to be competitive, and implement the procedures to meet future changes that will occur. In this book the author looks at some of the different roles, the processes and procedures, and the key issues, in order to help those in operations meet the challenge. The definitive series of professional references for those finance professionals concerned with "Back office" or operations management unique to this industry.Presents concise references on the essential management functions such as technology, client services, and risk management for financial operations management professionals.A comprehensive resource from a leading financial management consultant for global banks and institutions.



The New Cycle And New Finance In China


The New Cycle And New Finance In China
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Author : Shusong Ba
language : en
Publisher: Springer Nature
Release Date : 2022-01-23

The New Cycle And New Finance In China written by Shusong Ba and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-23 with Business & Economics categories.


This book is a selection of research by a Chinese economist who explains China's financial system, as well as predicting the future. The selected 45 articles focus on six topics covering diverse levels: China's macroeconomic and financial system, financial institutions, payment and clearing industry, inclusive finance, urbanization and financial supervision. The book builds a brand overview on China's financial development trend in the past recent years and long term.--



The Microstructure Of Government Securities Markets


The Microstructure Of Government Securities Markets
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Author : Mr.Peter Dattels
language : en
Publisher: International Monetary Fund
Release Date : 1995-11

The Microstructure Of Government Securities Markets written by Mr.Peter Dattels and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-11 with Business & Economics categories.


This paper applies the “market microstructure” literature to the specific features of government securities markets and draws implications for the strategy to develop government securities markets. It argues for an active role of the authorities in fostering the development of efficient market structures.



Payment And Settlement Systems In Selected Countries


Payment And Settlement Systems In Selected Countries
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Author :
language : en
Publisher:
Release Date : 2003

Payment And Settlement Systems In Selected Countries written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Banks and banking categories.




Trading And Exchanges


Trading And Exchanges
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Author : Larry Harris
language : en
Publisher: OUP USA
Release Date : 2003

Trading And Exchanges written by Larry Harris and has been published by OUP USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Business & Economics categories.


Focusing on market microstructure, Harris (chief economist, U.S. Securities and Exchange Commission) introduces the practices and regulations governing stock trading markets. Writing to be understandable to the lay reader, he examines the structure of trading, puts forward an economic theory of trading, discusses speculative trading strategies, explores liquidity and volatility, and considers the evaluation of trader performance. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com).



The Structure And Operation Of The World Gold Market


The Structure And Operation Of The World Gold Market
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Author : Gary O'Callaghan
language : en
Publisher:
Release Date : 1993

The Structure And Operation Of The World Gold Market written by Gary O'Callaghan and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Business & Economics categories.


Dated September 1993