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Windows into the Mind
Banking as Education
Financial Program and Training
1: Virtual organization (this section outlines the educational aspect, IS and implementational organization of the segmentation/ securitization concept).
2: An IS view of Capital markets (this section is made up of lectures from the overview on finance and the partnership market which I present in the context of the overview course on the resurgence of micro-economics. This is the foundation for the theoretical premise which will be tested in the third empirical section.
3. Tools for a Capital Market Trader:
A Review of empirical tools measuring empirical tests against market statistics, country and block policies. Do these tools work? How can we reform them?
Demonstration of electronic mapping for institutional use. Data-centers for traders, analysts, banks and institutional traders.
Three city segmentation maps based on geographical accounting and economics and three SEZs representing interactions between three trading blocks.
A Summation and final evaluation of empirical tools developed as well as a new tool for long term projections based upon combinatorial principles.
Brief Summary
Mathematical finance has assumed far greater importance in the pas decade. Basic assumptions upon which the IMF and World Bank depend are influenced by information and its technological support a daily basis. The impact that information technology has upon capital markets has increased exponentially. Market technology and training has however remained static and much of the training which future traders and brokers receive at present is outdated and incomplete. Inherently, the problem is an information problem rather than a problem of pure finance. The influences of information and the speed of its circulation in capital markets are, however, seldom reflected in trading strategies. This book deals with this problem in a very practical context.
The book is meant for those working in capital markets who want to enhance their performance by using the added advantages of policy and information input. Some of these problems were anticipated by Akdogan but many of the equations need to be re-examined in light of current economic policy in several of the new free trade groups like NAFTA. Akdogan describes the impact of policy in terms of mathematical finance in three trading blocks. However, free trade has greatly expanded and complicated these relationships. Therefore, we need to market replace the equations with full programs and enhance educational initiatives related to capital markets. The enhanced performance reflects New York market strategy where similar programs which enhance all aspects of market trading already exist. The goal of this book is to make available programs which will structure global trade to the capacities and economics of specific nations and trading blocks which do not enjoy the full macroeconomic advantages and access of the United States.
The book is divided into chapters first defining and delineating problem areas based upon major capital market events of the years, 1996-1998. Some of these are negative and some are positive but all are derivatives of information technology and either the ability to incorporate it into capital markets or a failure to do so. The great Asian meltdown still in progress provided ample information about the market problems and the incipient signs for a shift in market strategies, but those were ignored or perhaps went unaccessed by the major world markets. The second part of this book is about structuring trading to accommodate the signals ignored in this “information crisis.” So, in essence, the process is one of valuing information as a factor in arbitrage and risk management. Fortunately, this strategy can be rendered as information and programmed into existing systems as alternative trading strategies. So, we are not looking for solutions along the line of Taurus revisions of the market but rather subroutines to trading and alternative strategies as complements to existing programming.
