Handbook on Information Technology in Finance

International Handbooks on Information Systems TABLE OF CONTENTS Preface V Contributors XXV PART I. IT SYSTEMS, INFRASTRUCTURE AND APPLICATIONS IN FINANCE Introduction to Part I CHAPTER 1 SOA in the Financial Industry: Technology Impact in Companies’ Practice Heiko Paoli, Carsten Holtmann, Stephan Stathel, Olaf Zeitnitz, Marcel Jakobi CHAPTER 2 Information Systems and IT Architectures for Securities Trading Feras Dabous, Fethi Rabhi CHAPTER 3 Product Management Systems in Financial Services Software Architectures Christian Knogler, Michael Linsmaier CHAPTER 4 Management of Security Risks: A Controlling Model for Banking Companies Ulrich Faisst, Oliver Prokein CHAPTER 5 Process-Oriented Systems in Corporate Treasuries: A Case Study from BMW Group Christian Ullrich, Jan Henkel CHAPTER 6 Streamlining Foreign Exchange Management Operations with Corporate Financial Portals Hong Tuan Kiet Vo, Martin Glaum, Remigiusz Wojciechowski CHAPTER 7 Capital Markets in the Gulf: International Access, Electronic Trading and Regulation Peter Gomber, Marco Lutat, Steffen Schubert CHAPTER 8 Competition of Retail Trading Venues - Online-brokerage and Security Markets in Germany CHAPTER 9 Strategies for a Customer-Oriented Consulting Approach Alexander Schöne CHAPTER 10 A Reference Model for Personal Financial Planning Oliver Braun, Günter Schmidt CHAPTER 11 Internet Payments in Germany CHAPTER 12 Grid Computing for Commercial Enterprise Environments Daniel Minoli CHAPTER 13 Operational Metrics and Technical Platform for Measuring Bank Process Performance CHAPTER 14 Risk and IT in Insurances Ute Werner CHAPTER 15 Resolving Conceptual Ambiguities in Technology Risk Management CHAPTER 16 Extracting Financial Data from SEC Filings for US GAAP Accountants PART II. IT METHODS IN FINANCE Introduction to Part II CHAPTER 17 Networks in Finance Anna Nagurney CHAPTER 18 Agent-based Simulation for Research in Economics Clemens van Dinther CHAPTER 19 The Heterogeneous Agents Approach to Financial Markets Development and Milestones CHAPTER 20 An Adaptive Model of Asset Price and Wealth Dynamics in a Market with Heterogeneous Trading Strategies Carl Chiarella, Xue-Zhong He CHAPTER 21 Simulation Methods for Stochastic Differential Equations Eckhard Platen CHAPTER 22 Foundations of Option Pricing Peter Buchen CHAPTER 23 Long-Range Dependence, Fractal Processes and Intra-Daily Data Wei Sun, Svetlozar (Zari) Rachev, Frank Fabozzi CHAPTER 24 Bayesian Applications to the Investment Management Process Biliana Bagasheva, Svetlozar (Zari) Rachev, John Hsu, Frank Fabozzi CHAPTER 25 Post-modern Approaches for Portfolio Optimization Borjana Racheva-Iotova, Stoyan Stoyanov CHAPTER 26 Applications of Heuristics in Finance Manfred Gilli, Dietmar Maringer, Peter Winker CHAPTER 27 Kernel Methods in Finance Stephan Chalup, Andreas Mitschele CHAPTER 28 Complexity of Exchange Markets Mao-cheng Cai, Xiaotie Deng PART III. FURTHER ASPECTS AND FUTURE TRENDS Introduction to Part III CHAPTER 29 IT Security: New Requirements, Regulations and Approaches Günter Müller, Stefan Sackmann, Oliver Prokein CHAPTER 30 Legal Aspects of Internet Banking in Germany Gerald Spindler, Einar Recknagel CHAPTER 31 Challenges and Trends for Insurance Companies Markus Frosch, Joachim Lauterbach, Markus Warg CHAPTER 32 Added Value and Challenges of Industry-Academic Research Partnerships: The Example of the E-Finance Lab Wolfgang Koenig, Stefan Blumenberg, Sebastian Martin 32.5 Conclusion