Managing Financial Information in the Trade Lifecycle (eBook)

Front Cover 1
Managing Financial Information in the Trade Lifecycle 4
Copyright Page 5
Table of Contents 6
Foreword 8
Dedication Page 10
Series Editor's Preface 11
Chapter 1: The Changing Financial Services Landscape 12
1.1 Introduction 12
1.2 Historical Perspective and Current Industry Landscape 13
1.3 The Instrument Lifecycle 15
1.4 The Transaction Lifecycle 15
1.5 Customer Focus or Product Focus 16
1.6 Flow and Bespoke Business Models 16
1.7 The Typical Information Architecture 19
1.8 Consequences and Costs 23
1.9 Outline of This Book's Chapters 25
Endnotes 27
Chapter 2: The Instrument Lifecycle: The Life and Times of Financial Instruments 28
2.1 Introduction 28
2.2 Enter the Protagonist: The Financial Instrument 29
2.3 Types of Financial Products 33
2.4 Financial Markets 63
2.5 The Birth of a Financial Instrument: The Process 70
2.6 Describing a Financial Instrument 77
2.7 Active Life of Financial Instruments 84
2.8 Dependencies Between Instruments 91
2.9 Ups and Downs Throughout an Instrument's Life 96
2.10 The Demise of a Financial Instrument 101
2.11 Conclusions 103
Endnotes 103
Chapter 3: The Information Supply Chain: Overview of the Financial Content Market 106
3.1 Introduction 106
3.2 Overview of the Content Market and Its Changing Dynamics 108
3.3 Who Are the Data Sellers? 111
3.4 The Information Supply Chain 114
3.5 Different Types of Content 124
3.6 Licensing and Contract Management 148
3.7 Sourcing and Disseminating Information Internally: Technical Perspective 153
3.8 Conclusions 156
Endnotes 158
Chapter 4: Information Needs in the Transaction Lifecycle 160
4.1 Introduction 160
4.2 The Information Manufacturing Business: Basic Versus Derived Data 162
4.3 The Transaction Lifecycle 170
4.4 Processes Under Scrutiny: Regulation and Audit 205
4.5 Use Cases 209
4.6 Conclusions 221
Endnotes 222
Chapter 5: Metrics and Criteria for Success in Infrastructure 228
5.1 Introduction 228
5.2 The Information Entropy Situation 229
5.3 Aspects of Information Quality 235
5.4 The Content Manufacturing Process 239
5.5 Quality Metrics: Information Management KPIs and Their SLA Context 243
5.6 What Constitutes Success in Process and Content Management? 255
5.7 Conclusions 257
Endnotes 261
Chapter 6: Concluding Comments 264
Endnotes 267
Index 268