STP Technology and Global Financial Market

Author(s):  
Yining Chen ◽  
Wayne W. Huang ◽  
Jarrad Hee

Straight Through Processing (STP) is the end-to-end automation of security trading process from order to settlement. It is to be used for cross-border trades to speed up settlement, reduce risk, and build the foundation for a more effective and efficient settlement process. To remain competitive, financial firms need to take actions promptly to address the opportunities and challenges brought about by STP from a global perspective of electronic business. Global STP capability may not be achieved by simply initiating a series of projects to address the challenges. It needs to be approached by a well-orchestrated re-engineering activity and enterprise-wide technology solutions. This paper presents a general model of security trading processes under the umbrella of STP, and proposes a framework of STP readiness assessment from a global perspective of electronic business, which can be used to guide the STP implementation in organizations.

2021 ◽  
Vol 275 ◽  
pp. 01005
Author(s):  
Ruipeng Tan

This paper focuses on comparing portfolio management and construction before and after the coronavirus. First, this paper presents the importance of building up portfolios for investors to diversify their risks. Theories on portfolio management are discussed in this section to show how they have been developed to help on investing and reduce risk. Then, the paper moves on to show the impact of the pandemic on the financial market and portfolio management. Sample data on tech stock returns are collected to perform a Monte Carlo simulation on portfolio construction to find out the efficient portfolio before and after the COVID-19 outbreak. The efficient portfolio is build based on the Markowitz theory to find the combination. Comparisons between these portfolio constructions are made to find out the changes in portfolio management and construction under the pandemic era. In conclusion, this paper presents how pandemic has changed and impacted the investments and lists recommendations on future portfolio management and construction.


2021 ◽  
Author(s):  
Pere Buxó ◽  
Pere Oller ◽  
Daniel Xifré ◽  
Ivan Fabregat ◽  
Jordi Marturià ◽  
...  

<p>Landslides in the Pyrenees cause periodical damage to infrastructure and human lives. The European PyrMove project aims to develop cross-border methodologies to manage and reduce risk associated with these geological hazards. One of its approaches are the study of Multiple-Occurrence Regional Landslide Events (MORLE) generated by episodes of intense rainfalls that affect large areas. To prevent and manage MORLE crisis, an identification and categorization of the geological and meteorological factors determining the MORLEs that occurred in Catalonia during the 20th and 21st century were carried out, with special attention to the last 30 years. These events were contrasted to some relevant landslide events at worldwide scale. A new qualitative scale of magnitude multiple Regional Landslide event (mRL) has been conceived according two variables that provide the best reliability for the historical data: (1) the area of the affected region and (2) the magnitude of the largest inventoried landslide. To determine the magnitude of largest landslide we used the ICGC scale based on its size and the total mobilized energy (M). Finally, two MORLE that occurred in 1982 and 2003 in Catalonia have been studied in detail to collect basic information on geological phenomena. These preliminary works will make possible in the future to estimate the triggering precipitation thresholds that induce MORLE scenarios in Catalonia.</p><p>The magnitude scale of MORLE events allows contextualizing the Catalan MORLE in the World. In this approach, seventeen World’s MORLEs events have been described for this work. The main triggering factor of studied regional events has been earthquakes (56%) and intense rainfall or typhoons (44%). Their extension normally do not exceed 50,000 km2 and the number of landslides exceeds, in some cases, 50,000. MORLE’s magnitudes, are mostly 3 or higher, due to their large extension, and to the magnitude of the largest landslide, which normally reaches over the maximum degree within the established magnitude scale for landslides in Catalonia by ICGC (M). Damages and human losses have been difficult to quantify, however, at worldwide scale, most of the MORLEs recorded human losses (> 600 in some cases). The most catastrophic MORLE was in Wenchuan region, China, in October 2008, with more than 87,000 fatalities, 52,194 landslides and 410,000 km2 of affected regional area.</p><p>In Catalonia, 13 MORLEs have been registered from 1900 to present. Here, the main trigger factor has been intense precipitation and the affected areas usually do not exceed 10,000 km2. However, in some cases such as October 1982, which records the largest number of identified landslides (about 900), reached 20,000 km2. The magnitude of the largest event rarely exceeds category M4 in ICGC scale, being the majority category M3. Damages have been considerable in these events such as the most recent, triggered by Gloria storm in January 2020. For Catalonia, three general characteristics are notable: (1) East storm situations are the main generators of MORLE’s; (2) MORLEs usually reach magnitudes mRL3 o mRL4.</p><p>This work has been supported by the European Commission under the Interreg V-A-POCTEFA programme (grant no. PyrMove - EFA364/19).</p>


Author(s):  
Louise Carter ◽  
Jennifer Hancock ◽  
Mark Manning

This chapter develops a framework to analyse the factors influencing central counterparties' (CCPs') risk controls and the role of regulation. The framework illustrates the importance of sound regulation of CCPs and helps to explain why different CCPs may make different risk management choices. Key factors include ownership, governance and the profile and preferences of participants. International standards for the design and operation of CCPs and other financial market infrastructures (FMIs) are reflected in the Principles for Financial Market Infrastructures (PFMIs). Modelling key elements of these standards, the chapter demonstrates the importance of a flexible regulatory framework that achieves the desired level of stability while allowing the mix of risk controls applied by each CCP to vary according to its particular incentives and operating environment. The chapter goes on to discuss the emerging trends towards competition and interoperability between CCPs and cross-border provision of clearing services, and consider the implications for CCPs' risk management choices.


2011 ◽  
pp. 2135-2156
Author(s):  
Ritesh Chugh ◽  
Pramila Gupta

SMEs have been looking at expanding their market share by extending beyond their geographical boundaries and this is where electronic business has come to the forefront. The path to e-business adoption is ridden with barriers and understanding these along with the benefits it offers to SMEs is important. This chapter has reviewed the existing literature of barriers and benefits of e-business adoption by SMEs to identify the various enablers that can facilitate adoption. The chapter also provides an insight into e-readiness and analyses six existing tools that are used globally to measure e-readiness. Based on a comprehensive analysis, an holistic framework (Motivation Application Measurement Support (MAMS) e-readiness assessment framework) has been proposed. The framework can be utilized as a reference to assess, design and implement a supplementary strategic approach for the assessment of e-business readiness of SMEs. Further empirical research to test, amend and improve the MAMS framework can be undertaken in the future.


Author(s):  
Ritesh Chugh ◽  
Pramila Gupta

SMEs have been looking at expanding their market share by extending beyond their geographical boundaries and this is where electronic business has come to the forefront. The path to e-business adoption is ridden with barriers and understanding these along with the benefits it offers to SMEs is important. This chapter has reviewed the existing literature of barriers and benefits of e-business adoption by SMEs to identify the various enablers that can facilitate adoption. The chapter also provides an insight into e-readiness and analyses six existing tools that are used globally to measure e-readiness. Based on a comprehensive analysis, an holistic framework (Motivation Application Measurement Support (MAMS) e-readiness assessment framework) has been proposed. The framework can be utilized as a reference to assess, design and implement a supplementary strategic approach for the assessment of e-business readiness of SMEs. Further empirical research to test, amend and improve the MAMS framework can be undertaken in the future.


Subject Potential loosening of restrictions of foreign investment in the financial sector. Significance Senior officials are among the authors of a report released last month that gives policy recommendations for financial market reform, advocating broader financial market access for foreign players and a freer exchange rate. If adopted, the reforms will give foreign financial firms more control over their Chinese subsidiaries and enable them to conduct business in areas that are currently off limits to foreign investors. Impacts Broader financial market access does not guarantee a level playing field; protectionism will persist in more subtle ways. Financial market opening will not cease after the central bank's reformist governor retires; his proteges remain in key positions. Financial tightening to fight corruption, curb debt and reform shadow banking will continue, despite liberalisation vis-a-vis foreign firms. China will use financial liberalisation as a bargaining chip in US-China trade talks.


Author(s):  
Amna A. Saddiq ◽  
Enas N. Danial ◽  
Iman A. Saraf

COVID-19 is dominatingly considered as an unavoidable pandemic, and researchers are exceptionally inquisitive about how to give the best assurance to people in general before an immunization can be made accessible. Normal items have consistently assumed an essential part in drug advancement measure against different illnesses, which brought about screening of such specialists to battle emanant freaks of infections. Contingent upon the construction, component of activity and hazard elements of Covid-19, this audit centers around those normal mixtures that showed promising outcomes against Corona infections. Although restraint of viral replication is frequently considered as an overall component for antiviral action of many of the characteristic items, contemplates have shown that some regular items can connect with key viral proteins that are related with destructiveness. Supplementation of natural products might be a affect to reduce risk through different mechanisms. In this unique circumstance, a portion of the regular items have antiviral action in the nanomolar fixation and could be leads for additional medication advancement all alone or as a format for drug plan. Also, a decent number of normal items with against Covid action are the significant constituents of some regular dietary enhancements, which can be abused to improve the resistance of everyone in specific scourges The candidate compounds identified by us may help to speed up the drug development against COVID-19.


2018 ◽  
pp. 489-521
Author(s):  
Louise Carter ◽  
Jennifer Hancock ◽  
Mark Manning

This chapter develops a framework to analyse the factors influencing central counterparties' (CCPs') risk controls and the role of regulation. The framework illustrates the importance of sound regulation of CCPs and helps to explain why different CCPs may make different risk management choices. Key factors include ownership, governance and the profile and preferences of participants. International standards for the design and operation of CCPs and other financial market infrastructures (FMIs) are reflected in the Principles for Financial Market Infrastructures (PFMIs). Modelling key elements of these standards, the chapter demonstrates the importance of a flexible regulatory framework that achieves the desired level of stability while allowing the mix of risk controls applied by each CCP to vary according to its particular incentives and operating environment. The chapter goes on to discuss the emerging trends towards competition and interoperability between CCPs and cross-border provision of clearing services, and consider the implications for CCPs' risk management choices.


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