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Trading Turret
A trading turret or dealer board is a specialized telephony key system that is generally used by financial traders on their trading desks. Trading has progressed from floor trading through phone trading to electronic trading during the later half of the twentieth century with phone trading having dominated during the 1980s and 1990s. Although most trading volume is now done via electronic trading platforms, some phone trading persists and trading turrets are common on trading desks of investment banks. Voice trading turrets Trading turrets, unlike typical phone systems, have a number of features, functions and capabilities specifically designed for the needs of financial traders. Trading turrets enable users to visualize and prioritize incoming call activity from customers or counter-parties and make calls to these same people instantaneously by pushing a single button to access dedicated point-to-point telephone lines (commonly called Ringdown circuits). In addition, man ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Key Telephone System
A business telephone system is a multiline telephone system typically used in business environments, encompassing systems ranging in technology from the key telephone system (KTS) to the private branch exchange (PBX). A business telephone system differs from an installation of several telephones with multiple central office (CO) lines in that the CO lines used are directly controllable in key telephone systems from multiple telephone stations, and that such a system often provides additional features related to call handling. Business telephone systems are often broadly classified into key telephone systems, and private branch exchanges, but many hybrid systems exist. A key telephone system was originally distinguished from a private branch exchange in that it did not require an operator or attendant at the switchboard to establish connections between the central office trunks and stations, or between stations. Technologically, private branch exchanges share lineage with centra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Time-division Multiplexing
Time-division multiplexing (TDM) is a method of transmitting and receiving independent signals over a common signal path by means of synchronized switches at each end of the transmission line so that each signal appears on the line only a fraction of time in an alternating pattern. This method transmits two or more digital signals or analog signals over a common channel. It can be used when the bit rate of the transmission medium exceeds that of the signal to be transmitted. This form of signal multiplexing was developed in telecommunications for telegraphy systems in the late 19th century, but found its most common application in digital telephony in the second half of the 20th century. History Time-division multiplexing was first developed for applications in telegraphy to route multiple transmissions simultaneously over a single transmission line. In the 1870s, Émile Baudot developed a time-multiplexing system of multiple Hughes telegraph machines. In 1944, the British ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Markets
A financial market is a market in which people trade financial securities and derivatives at low transaction costs. Some of the securities include stocks and bonds, raw materials and precious metals, which are known in the financial markets as commodities. The term "market" is sometimes used for what are more strictly ''exchanges'', organizations that facilitate the trade in financial securities, e.g., a stock exchange or commodity exchange. This may be a physical location (such as the New York Stock Exchange (NYSE), London Stock Exchange (LSE), JSE Limited (JSE), Bombay Stock Exchange (BSE) or an electronic system such as NASDAQ. Much trading of stocks takes place on an exchange; still, corporate actions (merger, spinoff) are outside an exchange, while any two companies or people, for whatever reason, may agree to sell the stock from the one to the other without using an exchange. Trading of currencies and bonds is largely on a bilateral basis, although some ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Computer Telephony Integration
Computer telephony integration, also called computer–telephone integration or CTI, is a common name for any technology that allows interactions on a telephone and a computer to be coordinated. The term is predominantly used to describe desktop-based interaction for helping users be more efficient, though it can also refer to server-based functionality such as automatic call routing. Common functions By application type CTI applications tend to run on either a user's desktop, or an unattended server. ;Common desktop functions provided by CTI applications * Screen popping - Call information display (caller's number ( ANI), number dialed (DNIS), and Screen pop on answer, with or without using calling line data. Generally this is used to search a business application for the caller's details. *Dialing - Automatic dialing and computer-controlled dialing (power dial, preview dial, and predictive dial). *Phone control - Includes call control (answer, hang up, hold, conference, etc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trading Room
A trading room gathers traders operating on financial markets. The trading room is also often called the front office. The terms "dealing room" and " trading floor" are also used, the latter being inspired from that of an open outcry stock exchange. As open outcry is gradually replaced by electronic trading, the trading room becomes the only remaining place that is emblematic of the financial market. It is also the likeliest place within the financial institution where the most recent technologies are implemented before being disseminated in its other businesses. Specialized computer labs that simulate trading rooms are known as "trading labs" or "finance labs" in universities and business schools. Origin Before the sixties or seventies, the banks' capital market businesses were mostly split into many departments, sometimes scattered at several sites, as market segments: money market (domestic and currencies), foreign exchange, long-term financing, exchange, bond market. By ga ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trading System
Algorithmic trading is a method of executing orders using automated pre-programmed trading instructions accounting for variables such as time, price, and volume. This type of trading attempts to leverage the speed and computational resources of computers relative to human traders. In the twenty-first century, algorithmic trading has been gaining traction with both retail and institutional traders. It is widely used by investment banks, pension funds, mutual funds, and hedge funds that may need to spread out the execution of a larger order or perform trades too fast for human traders to react to. A study in 2019 showed that around 92% of trading in the Forex market was performed by trading algorithms rather than humans. The term algorithmic trading is often used synonymously with automated trading system. These encompass a variety of trading strategies, some of which are based on formulas and results from mathematical finance, and often rely on specialized software. Examples of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Straight-through Processing
Straight-through processing (STP) is a method used by financial companies to speed up financial transactions by processing without manual intervention (straight-through). It was developed for equities trading in the early 1990s in London for automated processing in the equity markets. Payments Straight-through processing exists in numerous areas of financial services, such as payments processing. Payments may be non-STP due to various reasons such as missing information, information which that is not in a machine "understandable" form (such as name and address rather than a code), or human-readable instructions "Please credit urgently") or simply falls outside of rules for which the bank allows automatic processing (for example, payments of large value or in exotic currencies). Traditionally, making payments involves many departments in a bank. Both initiating a payment to be sent and processing a received payment may take days. In the past, payments were initiated through numer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock Market Data Systems
Stock market data systems communicate market data—information about securities and stock trades—from stock exchanges to stockbrokers and stock traders. History The earliest stock exchanges were in France in the 12th century and in Bruges and Italy in the 13th. Presumably data about trades in those times was written down by scribes and traveled by courier. In the early 19th century Reuters sent data by carrier pigeons between Germany and Belgium In London early exchanges were located near coffee houses which may have played a part in trading. Chalk boards In the late 1860s, in New York, young men called "runners" prices between the exchange and broker’s offices, and often these prices were posted by hand on large chalk boards in the offices. Updating a chalk board was an entry point for many traders getting into financial markets and as mentioned in the book Reminiscences of a Stock Operator those updating the boards would wear fur sleeves so they wouldn't accidental ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dedicated Line
In computer networks and telecommunications, a dedicated line is a communications cable or other facility dedicated to a specific application, in contrast with a shared resource such as the telephone network or the Internet. It is a communication path between two points. In practice, such services may not be provided by a single, discrete, end-to-end cable, but they do provide guarantees of constant bandwidth availability and near-constant latency, properties that cannot be guaranteed for more public systems. Such properties add a considerable premium to the price charged. As more general-purpose systems have improved, dedicated lines have been steadily replaced by intranets and the public Internet, but they are still useful for time-critical, high-bandwidth applications such as video transmission. Some institutions such as NPR and other news agencies have large numbers of private lines with people that they frequently interview, (often government agencies) though these are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Trading Platform
In finance, an electronic trading platform also known as an online trading platform, is a computer software program that can be used to place orders for financial products over a network with a financial intermediary. Various financial products can be traded by the trading platform, over a communication network with a financial intermediary or directly between the participants or members of the trading platform. This includes products such as stocks, bonds, currencies, commodities, derivatives and others, with a financial intermediary, such as brokers, market makers, Investment banks or stock exchanges. Such platforms allow electronic trading to be carried out by users from any location and are in contrast to traditional floor trading using open outcry and telephone based trading. Sometimes the term trading platform is also used in reference to the trading software alone. Electronic trading platforms typically stream live market prices on which users can trade and may pr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Intercom
An intercom, also called an intercommunication device, intercommunicator, or interphone, is a stand-alone voice communications system for use within a building or small collection of buildings which functions independently of the public telephone network. Intercoms are generally mounted permanently in buildings and vehicles. Intercoms can incorporate connections to public address loudspeaker systems, walkie talkies, telephones, and other intercom systems. Some intercom systems incorporate control of devices such as signal lights and door latches. Intercoms are used on a wide variety of properties; from houses that only require one connection between a resident and the property's entrance to multi-unit apartments that require intercom hardware to be installed in every individual apartment. Some are equipped with video and its wiring (electrical installation) can be connected to the outside with a few pairs (4-6 pairs) while controlling an electric strike. The latest generations a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cisco Unified Communications Manager
Cisco Systems, Inc., commonly known as Cisco, is an American-based multinational digital communications technology conglomerate corporation headquartered in San Jose, California. Cisco develops, manufactures, and sells networking hardware, software, telecommunications equipment and other high-technology services and products. Cisco specializes in specific tech markets, such as the Internet of Things (IoT), domain security, videoconferencing, and energy management with leading products including Webex, OpenDNS, Jabber, Duo Security, and Jasper. Cisco is one of the largest technology companies in the world ranking 74 on the Fortune 100 with over $51 billion in revenue and nearly 80,000 employees. Cisco Systems was founded in December 1984 by Leonard Bosack and Sandy Lerner, two Stanford University computer scientists who had been instrumental in connecting computers at Stanford. They pioneered the concept of a local area network (LAN) being used to connect distant compu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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