Introduction to real-time financial market data - Monday, 20 October 2008
This course unit gives a framework for the understanding of the industry and the key role of market data within it. Current vendor offerings are reviewed and the challenges of managing market data systems are investigated.
08:30 Registration and coffee
09:00 A summary of the global financial markets
— Brief history of the markets
— Roles and interactions of financial institutions
— Regulatory frameworks
— Introducing traded securities
10:00 Market data types and sources
— Exchange and OTC Data
— Calculated and Pricing Reference Data
— Instant Messaging
— News, Commentary and Analytics
10:30 Morning break
11:00 Market data usuage in a modern investment bank
— Roles of Front, Middle and Back Office
— Price Discovery
— Risk Management
— Trade Settlement
— Increasing usage by Compliance
12:30 Lunch
13:30 Market data vendor landscape
— Overall market shape and size
— Trends over the last 3 years
— Vendor relative market share
— Comparison of relative vendor growth
14:00 Thomson reuters overview
— Brief History
— Platform and workstation product offerings
— RMDS, Direct Feeds, 3000xtra, Reuters Trading
— Core strengths and weaknesses
14:45 Afternoon break
15:00 Bloomberg overview
— Brief history
— Product offerings
— The Bloomberg professional, B-Pipe, Data Licence
— Core strengths and weaknesses
1530 Other vendors – idc, telekurs etc
— Sector strengths
— Product offerings and demonstrations
1600 Impact analysis of current vendor merger activities
1615 Basic principles of market data cost control
— Typical cost breakdown
— Areas of focus in rising and falling markets
— New Reuters Pricing Model