CHAPTER   18

IT Platforms and Systems

The previous chapter introduced derivatives IT. It outlined the technological challenges and requirements of a successful technology organization. The objective of the present chapter is to discuss the various systems employed by buy-side and sell-side firms and to introduce derivatives IT platforms.

This chapter begins by defining the IT platform: its characteristics, data, and various systems. It goes on to discuss buy-side systems typically incorporated in a functional platforms. Buy-side systems include investment management, order management, trading, portfolio management, trade processing, risk management, and other back-office systems.

Finally, a hypothetical sell-side IT platform is presented with ...

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