This Handbook contains surveys of state-of-the-art concepts, systems, applications, best practices as well as contemporary research in the intersection between IT and finance. Included are recent trends and challenges, IT systems and architectures in finance, essential developments and case studies on management information systems, service oriented architecture modelling, IT architectures for securities trading, IT-systems in banking, process-oriented systems in corporate treasuries, grid computing and networking. The IT applications in banking, trading and insurance cover risk management and controlling, financial portals, electronic payment and others. In addition, also finance-related IT applications in non-financial companies are considered. The concept-oriented part of the book focuses on IT methods in finance like financial models and modelling financial data, planning and processes, security, algorithms and complexity.
International Handbook on Information Systems Series Editors Peter Bernus, Jacek B la˙zewicz, Günter Schmidt, Michael Shaw Titles in the Series M. Shaw, R. Blanning, T. Strader and A. Whinston (Eds.) Handbook on Electronic Commerce ISBN 978-3-540-65882-1 J. B la˙zewicz, K. Ecker, B. Plateau and D. Trystram (Eds.) Handbook on Parallel and Distributed Processing ISBN 978-3-540-66441-3 H. H. Adelsberger, B. Collis and J.M. Pawlowski (Eds.) Handbook on Information Technologies for Education and Training ISBN 978-3-540-67803-8 C. W. Holsapple (Ed.) Handbook on Knowledge Management 1 Knowledge Matters ISBN 978-3-540-43527-3 Handbook on Knowledge Management 2 Knowledge Directions ISBN 978-3-540-43527-3 J. B la˙zewicz, W. Kubiak, T. Morzy and M. Rusinkiewicz (Eds.) Handbook on Data Management in Information Systems ISBN 978-3-540-43893-9 P. Bernus, P. Nemes, G. Schmidt (Eds.) Handbook on Enterprise Architecture ISBN 978-3-540-00343-4 S. Staab and R. Studer (Eds.) Handbook on Ontologies ISBN 978-3-540-40834-5 S. O. Kimbrough and D.J. Wu (Eds.) Formal Modelling in Electronic Commerce ISBN 978-3-540-21431-1 P. Bernus, K. Merlins and G. Schmidt (Eds.) Handbook on Architectures of Information Systems ISBN 978-3-540-25472-0 (Second Edition) S. Kirn, O. Herzog, P. Lockemann, O. Spaniol (Eds.) Multiagent Engineering ISBN 978-3-540-31406-6 J. B la˙zewicz, K. Ecker, E. Pesch, G. Schmidt, J. We¸glarz Handbook on Scheduling ISBN 978-3-54028046-0 F. Burstein and C.W. Holsapple (Eds.) Handbook on Decision Support Systems 1 ISBN 978-3-540-48712-8 Handbook on Decision Support Systems 2 ISBN 978-3-540-48715-9 Detlef Seese Christof Weinhardt Frank Schlottmann (Editors) Handbook on Information Technology in Finance 123 Editors Prof. Dr. Detlef Seese University of Karlsruhe (TH) Institute AIFB 76128 Karlsruhe Germany
[email protected] Dr. Frank Schlottmann Gillardon AG financial software Edisonstraße 2 75015 Bretten Germany
[email protected] Prof. Dr. Christof Weinhardt University of Karlsruhe (TH) IISM 76218 Karlsruhe Germany
[email protected] ISBN 978-3-540-49486-7 e-ISBN 978-3-540-49487-4 DOI 10.1007/978-3-540-49487-4 Library of Congress Control Number: 2008924335 © 2008 Springer-Verlag Berlin Heidelberg This work is subject to copyright. All rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse o