Available Dates:
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| Course Code: 303 |
| Duration: 1 day |
| Level: Basic |
| Fee: $0.00 |
| CPE Credits: 7 |
| Prerequisite: No Prerequisite Required. |
Over 53% of retail stock trades are expected to be executed online by 2004. In this environment, only web-savvy and web-centric broker/dealers can expect to survive. This course provides the background information needed to segue from the old trading environment to one that is compliant with the new standards, security measures and operating procedures in an STP, T+1 environment. Participants will evaluate XML as a means of facilitating STP and T+1, pinpoint the role of XML in electronic workflow, and consider XML as a tool for integrating legacy systems and new systems. The class will compare FIXML, FinXML, FpML, DNAfs and other new protocols as they apply to trading equities, derivatives, and foreign exchange. Vendors of outsourced solutions will be reviewed in the context of solving workflow problems in the emerging STP environment.
XML versus HTML - Examples
XML's Advantages and Disadvantages
Well-Formed, Valid XML Document Structure
XML as STP Enabler
Network Trade Model
Document Object Model
New Protocols
Integrating Legacy Systems
Implementing Cross-Border Settlement
Enterprise Integration, XML and STP
Global Exception Management
Supporting Real-Time Execution and Processing
Security Issues
Vendors, Tools and Tips
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