Practical .Net for Financial Markets

By Yogesh Shetty, Samir Jayaswal, Manish Jayaswal, et al.

This book provides fascinating insight into the nature and operation of Financial (Equity) markets and the singular demands and challenges placed on technology solutions in this environment. It then takes an in-depth look at how these challenges can be addressed using Microsoft .NET technology. Each chapter starts with a detailed explanation of a specific and ubiquitous business requirement in Equity market applications, and then the particular features of the.NET framework that can be used to meet that requirement

• Format: Hardcover
• Language: English
• ISBN: 1590595645
• ISBN13: 9781590595640
• Release Date: April 2006
• Publisher: Apress
• Length: 514 Pages
• Weight: 2.20 lbs.
• Dimensions: 1.4" x 7.4" x 10.3"

Customer Reviews

Excellent beginners guide

For me, just beginning in this field, this book is a gem. It has great explanations of the lingo/structure of the financial markets as well as useful code examples.

Excellent Capital/Money Markets (Securities) Text for .NET Developers - Strongly Recommended

This text is excellent in what it sets out to do and five other reviewers have said so with 5 star ratings. I agree very much with the reviews of Ted Hrudz and Gulli Ellee, in particular - they are well said and spot on. I think I must make a few comments of my own, however. I have managed financial software projects in the last seven years and have experience in developing and implementing capital and money market securities software, and prior experience in implementing equity software, so I have some background and interest in this area. First the positives: This books succeeds enormously at providing a very good introduction to equity markets and front and back office software development from a .NET development lead, architect or developer perspective. In less than 500 pages the authors manage to provide a very good and reasonably comprehensive/broad tutorial in several aspects of financials as well as .NET and the book makes reasonably easy reading for such technical subjects. Most of the relevant and interesting topics are covered or touched on. The reviewers I mention above itemize most of the .NET and financials topics covered so I will spare you the repetition. The authors are obviously very knowledgeable in both the securities domain and the .NET architecture and development technologies and issues and convey their knowledge expertly. This book makes an excellent introduction (but ironically advanced/intermediate in several respects) to the domain concepts and requisite architectural/developmental .NET features. Having said that let me add that you will need more than this book if you seriously plan to undertake financial software development with .NET. You may need to supplement your knowledge in both areas with some of these books, depending what you already know or have been involved in: Securities/Electronic Payments Domain: 1. Securities Operations: A Guide to Trade and Position Management by Michael Simmons; 2. Corporate Actions by Michael Simmons; 3. After the trade is made by David M. Weiss, Revised 2006 Edition; 4. How the US Securities Market Works by Hal McIntyre (2nd Edition); 5. Gobal Securities Operations by Jeremiah O'Connor; 6. Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris; 7. An Introduction to Financial Technology by Roy S. Freedman. 8. You may also need to understand Secure Electronic Payment Systems (see texts by Weidong Kou, Mostafa Hashem Sherif) Technology (.NET Framework, Visual Studio & SQL mainly) : Books by some of the best authors such as 1. Juval Lowy and Alex Ferrara (.NET 3.5, SOA/WCF, Web Services, Remoting, Messaging, Application Logging, Threading, Component-based/Distributed Architectures, Application Security Design, etc.); 2. Chris Sells (Windows Forms in VS 2005); 3. David Sceppa, Brian Noyes, Fabrice Marguerie or David Ratz(ADO.NET 2.0/3.5/Data Binding or LINQ); 4. Stephen Walther, Alessandro Gallo, Cristian Darie, Marco Bellinaso (ASP.NET 2.0/3.5 and AJAX)

NET 2.0 is ready for Wall Street

.NET 2.0 is ready for Wall Street. This book is loaded with code supporting this conclusion. For much of the code, one can extend it and be well on the way to the creation of an electronic stock exchange order matching engine (Chapter 2) and market data distribution application (Chapter 4). The authors even detail critical factors involved in deciding whether to match orders in memory or via a database. Coding best practices are fully explained such as applying parallelism in processing orders while using thread synchronization techniques The code for a multi cast broadcast engine for publishing market data appears real word like with a decoupled scalable architecture. Chapter 5 effectively details .NET remoting, proxies, and distributed garbage collection with diagrams and code. It concludes with code that utilizes .NET remoting to establish an application service (heart beats for monitoring services). The design uses a controller that reads an XML file that specifies applications which remote agents should specifically start via .NET remoting. One can readily extend this code and include additional services similarly. One feels a challenge to add the order matching engine and market data distribution service. Chapter 8 starts with a fairly extensive explanation regarding how equity arbitrage works; it also explains arbitrage roles in stabilizing prices for markets. Obviously the authors are business experts as well as .NET / C# guru's. The chapter then concentrates on code generation and reflection. Using both, the authors set up a frame work for an equity arbitrage engine, to the point where a non programmer / trader is able to specify their own arbitrage rules (ex: via Excel). Awesome ! Chapter 9 is an excellent reference for new .NET 2.0 programming features. I found the example using the new System.Net.NetworkInfrastructure namespace most useful as one can easily create a program to monitor network infrastructure availability and basic TCP, UDP, and NIC performance. In sum, this book is perfect for Wall Street .NET programmers and architects challenged with the tasks of competing in the upcoming Reg NMS world and new Order Protection Rule. In this upcoming era, both established and new players will play on a level field; eventually few will prosper.

Excellent source of financial aspects and real world trading environment solutions

.NET has been assimilated by many of the key financial institutions to build trading applications. This book portrays the entire trading environment and issues related to building real-time applications for financial solutions. The level of depth in the C# code snippets is an immense source of information which not only applies to financial world but to a developer it has great value. The language used in the book is simple, concise and without drag. I will recommend this book to all programmers in .NET including people building financial applications. It is a must read book.

A must have for folks wanting to work in Financial Industry - and even better for .NET backround-ers

I had been looking for a book to learn how Financial markets work and what so many financial-programmers write code about. This book gives a great introduction to the various participating entities and also shows various trading related business logic that need to be addressed. With some fine C# (.net) code, it is a good book for those who know programming (C#, C++ or Java) and want to learn how Trading systems are built.. or even for traders or business folks to dive into becoming technical programmers. I come from a non-financial background and know C#. The first chapter gave a very good introduction to these financial terms (without getting tekky) and laid the foundation for the other chapters such as Order Matching, Data Conversion, STP, etc. Enjoy the book. I hope you find it equally helpful. Good for those looking for a break to work for wall street firms