Introduction to E-Finance

Introduction to E-Finance

SUMMARY

E-finance is an emerging topic that relates to the use of Internet and Web technologies in creating new ways of conducting financial transactions. This course will give an overview of state-of-the-art business models with realistic case studies. The course will cover the following:

  • Discuss the impact of the Internet revolution on traditional financial business processes in different areas like financial markets, retail banking, and electronic payment systems
  • Highlight the importance of gathering, processing and using financial data in business intelligence and strategic decision-making

Human Capital Training

The course also highlights some important research issues based on the lecturer’s experience in conducting research projects in this area.

Objectives

  1. Identify and describe financial architectures and systems and interoperability standards underlying these systems,
  2. Expose the benefits resulting from the development and use of e-finance business processes within and between organisations.
  3. Present realistic case studies and experiences in developing financial information systems;
  4. Reinforcing some basic principles through demonstrations with real financial systems and the use of computer-based tools

Suitability

This course is suitable for researchers and professionals involved in managing corporate information systems in financial institutions wishing to learn about the latest advances in Web and Internet technologies to improve existing business processes. Efforts will be made to accommodate the attendees’ previous background knowledge by concentrating on topics that are not most familiar to them.

DAY 1

E-Finance Introduction

  • Basic concepts: E-Business Models, Architectures and Technologies
  • Evolution of Digital Finance, Online Banking, Wealth

Tutorials: Discussing Relevant Papers in this Area

DAY 2

Financial Markets

  • Introduction to Financial Markets
  • Types of E-Markets, Auctions, Financial Exchanges, Over the Counter (OTC) markets
  • Financial trading lifecycle
  • Straight-Through Processing (STP)
  • Trading and Matching Engines
  • Clearing and settlement
  • Market surveillance systems
  • Broker systems
  • Automatic trading systems

Examples of existing systems

Tutorials: Demonstrating an Experimental Trading Platform

DAY 3

Financial Information Systems

  • Information Providers and Information Portals
  • Education and Analysis
  • Aggregation and Information Management
  • Representing Financial Market Transactions Data
  • Examples of Financial Data Repositories and Providers
  • Overview of financial data standards, FIX protocol, SWIFT Net and ISO 15022, Reuters standards

Tutorials: Demonstrating access to a financial information portal. Examining several examples of market

DAY 4

Financial Data Analysis

  • Role of Data Analysis in Decision-Making
  • Analysing high frequency market data
  • Determining trading

Tutorials: Using several computer tools to analyse financial

DAY 5

Case study: An Electronic Market

  • Introduction to the Australia Stock Exchange (ASX)
  • Market structure, phases and matching algorithms
  • Computer Systems Associated with the ASX
  • Overview of ASX market data
  • Examples of analysing ASX data

Tutorials: Accessing the ASX Web Site

DAY 6 

Other Case Studies in Financial Market Systems

  • Architecture and implementation of an Existing Market Surveillance System
  • Architecture and Implementation of an Existing Trading Engine
  • Architecture and Implementation of an Existing Broker System
  • Tutorials: Discussing Relevant Papers by the Speaker in this Area