Practical .NET for Financial Markets (Kindle Edition)

by Samir Jayaswal (Author), Yogesh Shetty (Author)

Editorial Reviews

Product Description

<p>This unique book examines up-to-the-minute uses of technology in financial markets and then explains how you can profit from that knowledge. To participate in mainstream .NET development, you must address the changes in financial markets by using the most sophisticated tools available, Microsoft .NET technology.</p>

<p>Software developers and architects, IT pros, and tech-savvy business users alike will find this book comprehensive and relevant. Each chapter presents problems and solutions that cover business aspects and relevant .NET features. Each aspect of .NET is analyzed in its proper context, so you'll understand why it is relevant and applicable in a real-life business case.</p>

About the Author

Yogesh Shetty is an expert in development for Financial markets, with over 8 years of experience in Microsoft technologies. He has extensive knowledge and experience in the design and development of Trading Engines, using the Microsoft .NET framework, ADO.NET, C#, VB.NET, SQL Server, and other technologies. He was responsible for developing a Straight Through Processing (STP) back office product with real-time connectivity to Exchanges and has participated in the Microsoft .NET Center of Excellence for Financial Markets.

Samir Jayaswal has over 7 years of quality experience in the field of technology for securities and financial markets, covering all facets of software project fulfillment, including project planning, tracking requirements management, analyzing and designing, interacting with development, testing and auditing, Teams, and implementing.

Product Details

• Format: Kindle Edition
• Print Length: 536 pages
• Publisher: Apress (April 4, 2006)
• Sold by: Amazon Digital Services
• Language: English
• ASIN: B001CSM7Z0
• Average Customer Review: 4.9 out of 5 stars  See all reviews (10 customer reviews)
• Amazon.com Sales Rank: #122,618 in Kindle Store (See Bestsellers in Kindle Store)

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Customer Reviews

Most Helpful Customer Reviews

17 of 18 people found the following review helpful:

5.0 out of 5 stars Excellent Capital/Money Markets (Securities) Text for .NET Developers - Strongly Recommended, October 18, 2006

By	Mr. Bookish, Mild and Meek "JoePee" (London UK) - See all my reviews

This review is from: Practical .NET for Financial Markets (Expert's Voice in .Net) (Hardcover)

This text is excellent in what it sets out to do and five other reviewers have said so with 5 star ratings. I agree very much with the reviews of Ted Hrudz and Gulli Ellee, in particular - they are well said and spot on. I think I must make a few comments of my own, however. I have managed financial software projects in the last seven years and have experience in developing and implementing capital and money market securities software, and prior experience in implementing equity software, so I have some background and interest in this area.

First the positives: This books succeeds enormously at providing a very good introduction to equity markets and front and back office software development from a .NET development lead, architect or developer perspective. In less than 500 pages the authors manage to provide a very good and reasonably comprehensive/broad tutorial in several aspects of financials as well as .NET and the book makes reasonably easy reading for such technical subjects. Most of the relevant and interesting topics are covered or touched on. The reviewers I mention above itemize most of the .NET and financials topics covered so I will spare you the repetition.

The authors are obviously very knowledgeable in both the securities domain and the .NET architecture and development technologies and issues and convey their knowledge expertly. This book makes an excellent introduction (but ironically advanced/intermediate in several respects) to the domain concepts and requisite architectural/developmental .NET features. Having said that let me add that you will need more than this book if you seriously plan to undertake financial software development with .NET. You may need to supplement your knowledge in both areas with some of these books, depending what you already know or have been involved in:

Securities/Electronic Payments Domain: 1. Securities Operations: A Guide to Trade and Position Management by Michael Simmons; 2. Corporate Actions by Michael Simmons; 3. After the trade is made by David M. Weiss, Revised 2006 Edition; 4. How the US Securities Market Works by Hal McIntyre (2nd Edition); 5. Gobal Securities Operations by Jeremiah O'Connor; 6. Trading and Exchanges: Market Microstructure for Practitioners by Larry Harris; 7. An Introduction to Financial Technology by Roy S. Freedman. 8. You may also need to understand Secure Electronic Payment Systems (see texts by Weidong Kou, Mostafa Hashem Sherif)

Technology (.NET Framework, Visual Studio & SQL mainly) : Books by some of the best authors such as 1. Juval Lowy and Alex Ferrara (.NET 3.5, SOA/WCF, Web Services, Remoting, Messaging, Application Logging, Threading, Component-based/Distributed Architectures, Application Security Design, etc.); 2. Chris Sells (Windows Forms in VS 2005); 3. David Sceppa, Brian Noyes, Fabrice Marguerie or David Ratz(ADO.NET 2.0/3.5/Data Binding or LINQ); 4. Stephen Walther, Alessandro Gallo, Cristian Darie, Marco Bellinaso (ASP.NET 2.0/3.5 and AJAX); 4. Nick Rozanski (Software Systems Architecture); 6. Itzik Ben Gan (MS SQL 2005-8); 7. Secure Coding against hacker attacks using books by Gary McGraw/Billy Hoffman/Michael Howard such as 'The 19 Deadly Sins Of Software Security'; to explore such topics in greater detail.

I think the author could have added the equivalent VB.NET code for VB developers and architects. That is the main beef I have (and the book is a bit too expensive, buy it online for a rebate. It should have been paper back to reduce the price for readers) but I still thinks it deserves a 5-star ranking . Bravo to Samir Jayaswal and Yogesh Shetty, the authors!

11 of 11 people found the following review helpful:

5.0 out of 5 stars NET 2.0 is ready for Wall Street, September 6, 2006

By	Ted Hruzd (New Jersey) - See all my reviews (REAL NAME)

This review is from: Practical .NET for Financial Markets (Expert's Voice in .Net) (Hardcover)

.NET 2.0 is ready for Wall Street. This book is loaded with code supporting this conclusion. For much of the code, one can extend it and be well on the way to the creation of an electronic stock exchange order matching engine (Chapter 2) and market data distribution application (Chapter 4). The authors even detail critical factors involved in deciding whether to match orders in memory or via a database. Coding best practices are fully explained such as applying parallelism in processing orders while using thread synchronization techniques The code for a multi cast broadcast engine for publishing market data appears real word like with a decoupled scalable architecture.

Chapter 5 effectively details .NET remoting, proxies, and distributed garbage collection with diagrams and code. It concludes with code that utilizes .NET remoting to establish an application service (heart beats for monitoring services). The design uses a controller that reads an XML file that specifies applications which remote agents should specifically start via .NET remoting. One can readily extend this code and include additional services similarly. One feels a challenge to add the order matching engine and market data distribution service.

Chapter 8 starts with a fairly extensive explanation regarding how equity arbitrage works; it also explains arbitrage roles in stabilizing prices for markets. Obviously the authors are business experts as well as .NET / C# guru's. The chapter then concentrates on code generation and reflection. Using both, the authors set up a frame work for an equity arbitrage engine, to the point where a non programmer / trader is able to specify their own arbitrage rules (ex: via Excel). Awesome !

Chapter 9 is an excellent reference for new .NET 2.0 programming features. I found the example using the new System.Net.NetworkInfrastructure namespace most useful as one can easily create a program to monitor network infrastructure availability and basic TCP, UDP, and NIC performance.

In sum, this book is perfect for Wall Street .NET programmers and architects challenged with the tasks of competing in the upcoming Reg NMS world and new Order Protection Rule. In this upcoming era, both established and new players will play on a level field; eventually few will prosper.

8 of 8 people found the following review helpful:

4.0 out of 5 stars .NET ala Security Trading, January 10, 2007

By	Another Reader (NYC, NY) - See all my reviews

This review is from: Practical .NET for Financial Markets (Expert's Voice in .Net) (Hardcover)

The authors' experience building a .NET application for a trading house shows. As a result I learned a little about the domain & saw several well written "how to" .NET examples based on it.

Two negatives might be worth considering before spending a fair amount of money. First, not much (anything?) about building high performance applications. Lots of talk about needing performance in the securities market, little in the way of delivery. Second, the book is based on .NET 1.X "best practices". The chapter on 2.0 reads like a last minute techno-tour.