By Yogesh Shetty
This precise booklet examines up to date makes use of of know-how in monetary markets after which explains how one can take advantage of that wisdom. to take part in mainstream .NET improvement, you want to tackle the alterations in monetary markets by utilizing the main refined instruments on hand, Microsoft .NET know-how.
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Additional info for Practical .NET for Financial Markets
A member might not put in fresh trades, but adverse price changes could result in severe losses and could make him a defaulter. In addition to having stringent credit checks, clearing corporations also guarantee transaction settlement through the concept of novation, discussed in detail in Chapter 2. The level of guarantee that clearing corporations provide goes a long way in providing peace of mind to institutions and large investors, so much so that now most trading is anonymous. This means that while trading on a screen-based system, traders don’t even know who they are trading with.
Depositories normally maintain connectivity with each other for these kinds of transactions, and such transactions take place as a batch process at one time or at multiple times during the day. Pledge: An investor holding securities can pledge his securities in favor of someone to raise money or for any other reason. The securities that have been pledged cannot be transferred. When the term of the pledge expires or when both parties agree, the pledge can be closed, and the securities are again moved to the free balance.
They execute the orders on behalf of the customer first and collect money from the customer later. In many markets, brokers extend a similar facility through banks. This is called margin trading. Brokers also execute transactions on their own accounts through house accounts. Profits and losses from these trades accrue to the broker and not to any client. Such transactions are called principal transactions. Floor brokers thus perform the role of agents as well as principals. Acting as an agent as well as a principal becomes an ethical issue and is a cause of key concern in many markets, especially in those markets that are not very advanced.