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eFinance: Information Engineering and Management for Securities Trading

eFinance: Information Engineering and Management for Securities Trading
type: Vorlesung (V)
semester: WS 18/19
time: 2018-10-16
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)


2018-10-23
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2018-10-30
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2018-11-06
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2018-11-13
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2018-11-20
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2018-11-27
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2018-12-04
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2018-12-11
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2018-12-18
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2019-01-08
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2019-01-15
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2019-01-22
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2019-01-29
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)

2019-02-05
11:30 - 13:00 wöchentlich
05.20 1C-03
05.20 Kaiserstraße 89-93 (Allianz-Gebäude)


lecturer: Benedikt Notheisen
Florian Glaser
Prof. Dr. Christof Weinhardt
sws: 2
lv-no.: <a target="lvn" href="https://campus.studium.kit.edu/events/nX5RhDpQSfWyH4sDUPNk4w">2540454</a>
Description

The theoretical part of the course examines the New Institutions Economics which provides a theoretically found explanation for the existence of markets and intermediaries. Building upon the foundations of the market micro structure, several key parameters and factors of electronic trading are examined. These insights gained along a structured securities trading process are complemented and verified by the analysis of prototypical trading systems developed at the institute as well as selected trading systems used by leading exchanges in the world. In the more practical-oriented second part of the lecture, speakers from practice will give talks about financial trading systems and link the theoretical findings to real-world systems and applications.

Bibliography
  • Picot, Arnold, Christine Bortenlänger, Heiner Röhrl (1996): "Börsen im Wandel". Knapp, Frankfurt
  • Harris, Larry (2003): "Trading and Exchanges - Market Microstructure for Practitioners"". Oxford University Press, New York

Elective literature:

  • Gomber, Peter (2000): "Elektronische Handelssysteme - Innovative Konzepte und Technologien". Physika Verlag, Heidelberg
  • Schwartz, Robert A., Reto Francioni (2004): "Equity Markets in Action - The Fundamentals of Liquidity, Market Structure and Trading". Wiley, Hoboken, NJ
Content of teaching

The theoretical part of the course examines the New Institutions Economics which provides a theoretically found explanation for the existence of markets and intermediaries. Building upon the foundations of the market micro structure, several key parameters and factors of electronic trading are examined. These insights gained along a structured securities trading process are complemented and verified by the analysis of prototypical trading systems developed at the institute as well as selected trading systems used by leading exchanges in the world. In the more practical-oriented second part of the lecture, speakers from practice will give talks about financial trading systems and link the theoretical findings to real-world systems and applications.

Entryrequirements

None.

Workload

The total workload for this course is approximately 135.0 hours. For further information see German version.

Aim

The students

  • are able to understand the theoretical and pracitical aspects of securitites trading,
  • are able to handle the relevant electronic tools for the evaluation of financial data,
  • are able to identify the incentives of the traders for participation in different market plattforms,
  • are able to analyse capital marketplaces concerning their efficiency, weaknesses and technical configuration,
  • are able to apply theoretical methods of econometrics,
  • are able to understand, criticize and present articles with a finance-scientific background,
  • learn to elaborate solutions in a team.
Exam description

The assessment consists of a written exam (60 min) (according to §4(2), 1 of the examination regulation) and by submitting written essays as part of the exercise (according to §4(2), 3 of the examination regulation). 70% of the final grade is based on the written exam and 30% is based on assignments from the exercises. The points obtained in the exercises only apply to the first and second exam of the semester in which they were obtained.