Notification: Our email services are now fully restored after a brief, temporary outage caused by a denial-of-service (DoS) attack. If you sent an email on Dec 6 and haven't received a response, please resend your email.
CFP last date
20 December 2024
Reseach Article

Big Data in Capital Markets

by Manpreet Singh
International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 107 - Number 5
Year of Publication: 2014
Authors: Manpreet Singh
10.5120/18751-0008

Manpreet Singh . Big Data in Capital Markets. International Journal of Computer Applications. 107, 5 ( December 2014), 42-45. DOI=10.5120/18751-0008

@article{ 10.5120/18751-0008,
author = { Manpreet Singh },
title = { Big Data in Capital Markets },
journal = { International Journal of Computer Applications },
issue_date = { December 2014 },
volume = { 107 },
number = { 5 },
month = { December },
year = { 2014 },
issn = { 0975-8887 },
pages = { 42-45 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume107/number5/18751-0008/ },
doi = { 10.5120/18751-0008 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T22:40:19.207192+05:30
%A Manpreet Singh
%T Big Data in Capital Markets
%J International Journal of Computer Applications
%@ 0975-8887
%V 107
%N 5
%P 42-45
%D 2014
%I Foundation of Computer Science (FCS), NY, USA
Abstract

In this modern era of technology, we are witnessing a wave of technological advancements. These advancements are as diverse in the areas like collection, storage, aggregation, processing and analysis of financial data. Moreover, with the advent of the Internet of things," there is an exponential rise in huge volumes of unstructured data from several different sources. In this regard, Capital markets are one of many industries which have voracious appetite for big data; they collect and analyze data to mitigate risk, understand their customers, and generate more profitability. Currently, the financial markets are challenged by exponentially increasing volumes of data, inconsistent data quality, and heightened regulatory scrutiny. Remedy to this problem is Big data. Focus of this paper is to analyze the growing need of Big Data technology in financial domain, especially in Capital Markets. Why Capital market sector is much interested in this technology, what all benefits could be incurred? It also highlights the existing modules where big data is already in use, areas where implementation is ongoing and also the hindrances in the path of implementation of the same.

References
  1. M. Aitken, A. Frino, E. Jarnecic, M. McCorry, R. Segara, and R. Winn. The microstructure of australian stock ex- change: An introduction. Securities Industry Research Cen- tre of Asia-Paci?c (SIRCA), 1997.
  2. T. Andrews, F. Curbera, H. Dholakia, Y. Goland, J. Klein, F. Leymann, K. Lui, D. R. D. Smith, S. Thatte, I. Trick- ovic, and S. weerawarana. Business process execu- tion language for web services (BPEL4WS) speci?cation. http://www. siebel. com/bpel, 2003
  3. T. -H. A. Cheung and S. Y. -H. Wu. Trade data service for capital markets. Honors, school of Computer Science and Engineering, UNSW, Nov 2003.
  4. U. Wahli, M. Drobnic, C. Gerber, G. G. Ochoa, and M. Schramm. WebSphere Version 5 Web Services Hand- book. IBM Redbooks, 1st edition, March 2003.
  5. Trading technology survey of exchange technologies. http://www. tradingTechnology. com, 2003.
  6. Capital market cooperative research centre (CMCRC). http://www. cmcrc. com.
  7. F. A. Rabhi and B. Benatallah. An integrated service ar- chitecture for managing capital market systems. IEEE Net- works, 16:15–19, 2002.
  8. Daniel C. Quan and Sheridan Titman, "Do real estate prices and stock prices move together? an international analysis," Real Estate Economics, 1999, 27, 2, pp. 183-207.
  9. Jay C. Hartzell, Jarl G. Kallberg, and Crocker H. Liu, "The role of the underlying real asset market in REIT IPOs," Real Estate Economics, Spring 2005, 33, 1, pp. 27-50.
  10. R. Blundell and S. Bond, "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Vol. 87, 1998, pp. 115–143.
Index Terms

Computer Science
Information Sciences

Keywords

Big Data Hadoop Map Reduce