Author: Irene Aldridge
Publisher: John Wiley & Sons
ISBN: 1119318963
Category : Business & Economics
Languages : en
Pages : 229

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Book Description
Risk management solutions for today's high-speed investing environment Real-Time Risk is the first book to show regular, institutional, and quantitative investors how to navigate intraday threats and stay on-course. The FinTech revolution has brought massive changes to the way investing is done. Trading happens in microsecond time frames, and while risks are emerging faster and in greater volume than ever before, traditional risk management approaches are too slow to be relevant. This book describes market microstructure and modern risks, and presents a new way of thinking about risk management in today's high-speed world. Accessible, straightforward explanations shed light on little-understood topics, and expert guidance helps investors protect themselves from new threats. The discussion dissects FinTech innovation to highlight the ongoing disruption, and to establish a toolkit of approaches for analyzing flash crashes, aggressive high frequency trading, and other specific aspects of the market. Today's investors face an environment in which computers and infrastructure merge, regulations allow dozens of exchanges to coexist, and globalized business facilitates round-the-clock deals. This book shows you how to navigate today's investing environment safely and profitably, with the latest in risk-management thinking. Discover risk management that works within micro-second trading Understand the nature and impact of real-time risk, and how to protect yourself Learn why flash crashes happen, and how to mitigate damage in advance Examine the FinTech disruption to established business models and practices When technology collided with investing, the boom created stratospheric amounts of data that allows us to plumb untapped depths and discover solutions that were unimaginable 20 years ago. Real-Time Risk describes these solutions, and provides practical guidance for today's savvy investor.

Author: Irene Aldridge
Publisher: John Wiley & Sons
ISBN: 1119319064
Category : Business & Economics
Languages : en
Pages : 228

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Book Description
Risk management solutions for today's high-speed investing environment Real-Time Risk is the first book to show regular, institutional, and quantitative investors how to navigate intraday threats and stay on-course. The FinTech revolution has brought massive changes to the way investing is done. Trading happens in microsecond time frames, and while risks are emerging faster and in greater volume than ever before, traditional risk management approaches are too slow to be relevant. This book describes market microstructure and modern risks, and presents a new way of thinking about risk management in today's high-speed world. Accessible, straightforward explanations shed light on little-understood topics, and expert guidance helps investors protect themselves from new threats. The discussion dissects FinTech innovation to highlight the ongoing disruption, and to establish a toolkit of approaches for analyzing flash crashes, aggressive high frequency trading, and other specific aspects of the market. Today's investors face an environment in which computers and infrastructure merge, regulations allow dozens of exchanges to coexist, and globalized business facilitates round-the-clock deals. This book shows you how to navigate today's investing environment safely and profitably, with the latest in risk-management thinking. Discover risk management that works within micro-second trading Understand the nature and impact of real-time risk, and how to protect yourself Learn why flash crashes happen, and how to mitigate damage in advance Examine the FinTech disruption to established business models and practices When technology collided with investing, the boom created stratospheric amounts of data that allows us to plumb untapped depths and discover solutions that were unimaginable 20 years ago. Real-Time Risk describes these solutions, and provides practical guidance for today's savvy investor.

Author: Dylan Evans
Publisher: Simon and Schuster
ISBN: 1451610912
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
We must make judgments all the time when we can't be certain of the risks. Should we have that elective surgery? Trust the advice of our financial adviser? Take that new job we've been offered? How worried should we be about terrorist attacks? In this lively and groundbreaking book, pioneering researcher Dylan Evans introduces a newly discovered kind of intelligence for assessing risks, demonstrating how vital this risk intelligence is in our lives and how we can all raise our RQs in order to make better decisions every day. Evans has spearheaded the study of risk intelligence, devising a simple test to measure a person's RQ which when posted online sparked a storm of interest and was taken by tens of thousands of people. His research has revealed that risk intelligence is quite different from IQ, and that the vast majority of us have quite poor risk intelligence. However, he did find some people who have very high RQs. So what makes the difference? Introducing a wealth of fascinating research findings, Evans identifies a key set of common errors in our thinking that most of us fall victim to and that undermine our risk intelligence, such as "ambiguity aversion," overconfidence in our knowledge, the fallacy of mind reading, and our attraction to worst-case scenarios. We are also regularly led astray by the ways in which information is provided to us. Citing a wide range of real-life examples--from the brilliant risk assessment skills of horse race handicappers to the tragically flawed evaluations of risk that caused the financial crisis--Evans illustrates that sometimes our most trusted advisors, including the experts and analysts at the top of their disciplines, don't always give us the best advice when it comes to risk evaluation. Presenting his revolutionary test that allows readers to evaluate their own RQs, Evans introduces a number of simple techniques we can use to build our risk assessment powers and reports on the striking results he's seen in training people to develop their RQs. Both highly engaging and truly mind-changing, Risk Intelligence will fascinate all of those who are interested in how we can improve our thinking in order to enhance our lives.

Author: Tarannom Parhizkar
Publisher: Springer Nature
ISBN: 3030880982
Category : Business & Economics
Languages : en
Pages : 170

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Book Description
This book proposes a new approach to dynamic and online risk assessment of automated and autonomous marine systems, taking into account different environmental and operational conditions. The book presents lessons learnt from dynamic positioning incidents and accidents, and discusses the challenges of risk assessment of complex systems. The book begins by introducing dynamic and online risk assessment, before presenting automated and autonomous marine systems, as well as numerous dynamic positioning incidents. It then discusses human interactions with technology and explores how to quantify human error. Dynamic probabilistic risk assessment and online risk assessment are both considered fully, including case studies with the application of assisting operators in decision making in emergency situations. Finally, areas for future research are suggested. This practical volume offers tools and methodologies to help operators make better decisions and improve the safety of automated and autonomous marine systems. It provides a guideline for researchers and practitioners to perform dynamic probabilistic and online risk assessment, which also should be applicable to other complex systems outside the marine and maritime domain, such as nuclear power plants, chemical processes, autonomous transport systems, and space shuttles.

Author: Yue Hao
Publisher: Springer
ISBN: 3540315985
Category : Computers
Languages : en
Pages : 1205

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Book Description
The two volume set LNAI 3801 and LNAI 3802 constitute the refereed proceedings of the annual International Conference on Computational Intelligence and Security, CIS 2005, held in Xi'an, China, in December 2005. The 338 revised papers presented - 254 regular and 84 extended papers - were carefully reviewed and selected from over 1800 submissions. The first volume is organized in topical sections on learning and fuzzy systems, evolutionary computation, intelligent agents and systems, intelligent information retrieval, support vector machines, swarm intelligence, data mining, pattern recognition, and applications. The second volume is subdivided in topical sections on cryptography and coding, cryptographic protocols, intrusion detection, security models and architecture, security management, watermarking and information hiding, web and network applications, image and signal processing, and applications.

Author: Daniel R. Philpott
Publisher: Newnes
ISBN: 1597496421
Category : Computers
Languages : en
Pages : 585

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Book Description
FISMA and the Risk Management Framework: The New Practice of Federal Cyber Security deals with the Federal Information Security Management Act (FISMA), a law that provides the framework for securing information systems and managing risk associated with information resources in federal government agencies. Comprised of 17 chapters, the book explains the FISMA legislation and its provisions, strengths and limitations, as well as the expectations and obligations of federal agencies subject to FISMA. It also discusses the processes and activities necessary to implement effective information security management following the passage of FISMA, and it describes the National Institute of Standards and Technology's Risk Management Framework. The book looks at how information assurance, risk management, and information systems security is practiced in federal government agencies; the three primary documents that make up the security authorization package: system security plan, security assessment report, and plan of action and milestones; and federal information security-management requirements and initiatives not explicitly covered by FISMA. This book will be helpful to security officers, risk managers, system owners, IT managers, contractors, consultants, service providers, and others involved in securing, managing, or overseeing federal information systems, as well as the mission functions and business processes supported by those systems. - Learn how to build a robust, near real-time risk management system and comply with FISMA - Discover the changes to FISMA compliance and beyond - Gain your systems the authorization they need

Author: National Research Council
Publisher: National Academies Press
ISBN: 0309167949
Category : Science
Languages : en
Pages : 180

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Book Description
The field of occupational health and safety constantly changes, especially as it pertains to biomedical research. New infectious hazards are of particular importance at nonhuman-primate facilities. For example, the discovery that B virus can be transmitted via a splash on a mucous membrane raises new concerns that must be addressed, as does the discovery of the Reston strain of Ebola virus in import quarantine facilities in the U.S. The risk of such infectious hazards is best managed through a flexible and comprehensive Occupational Health and Safety Program (OHSP) that can identify and mitigate potential hazards. Occupational Health and Safety in the Care and Use of Nonhuman Primates is intended as a reference for vivarium managers, veterinarians, researchers, safety professionals, and others who are involved in developing or implementing an OHSP that deals with nonhuman primates. The book lists the important features of an OHSP and provides the tools necessary for informed decision-making in developing an optimal program that meets all particular institutional needs.

Author: Ariel Silahian
Publisher: Packt Publishing Ltd
ISBN: 1805120972
Category : Computers
Languages : en
Pages : 317

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Book Description
An in-depth guide covering system architecture, low-latency strategies, risk management, and machine learning for experienced programmers looking to enter the financial industry and build high-performance trading systems Key Features Get started with building financial trading systems Focus on scalability, architecture, and implementing low-latency network communication in C++ Optimize code and use parallel computing techniques for better performance Purchase of the print or Kindle book includes a free PDF eBook Book DescriptionUnlock the secrets of the finance industry and dive into the world of high-performance trading systems with C++ High Performance for Financial Systems. Trading systems are the backbone of the financial world, and understanding how to build them for optimal performance is crucial for success. If you've ever dreamt of creating scalable and cutting-edge financial software, this guide is your key to success. A cornerstone of this book is its coverage of system design and architecture. The book starts by outlining the role of C++ in finance and trading. You'll learn the principles and methodologies behind building systems that can handle vast amounts of data, execute complex trading strategies with ease, and maintain the highest levels of reliability. Armed with this knowledge, you'll be equipped to tackle even the most challenging trading scenarios. In the fast-paced world of finance, every millisecond counts. This book delves into low-latency strategies that will enable your trading systems to react with lightning speed. You’ll also learn the art of reducing latency, optimizing code, and leveraging the latest hardware and software techniques to gain a competitive edge in the market. By the end of this book, you’ll be well-versed in architecting a financial trading system as well as advanced strategies and new industry trends.What you will learn Design architecture for scalable financial trading systems Understand strategies for low-latency trading and high-frequency trading Discover how to implement machine learning algorithms for financial data analysis Understand risk management techniques for financial trading systems Explore advanced topics in finance and trading, including machine learning for algorithmic trading and portfolio optimization Get up to speed with best practices for developing financial trading systems with C++ Who this book is for This book is for experienced C++ developers who want to enter the finance industry and learn how trading systems work. It is also suitable for quantitative analysts, financial engineers, and anyone interested in building scalable and robust trading systems. The book assumes familiarity with the C++ programming language, data structures, and algorithms. Additionally, readers should have a basic understanding of finance and trading concepts, such as market data, trading strategies, and risk management.

Author: Hervé Le Sourne
Publisher: CRC Press
ISBN: 1003825788
Category : Technology & Engineering
Languages : en
Pages : 1188

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Book Description
This book offers state-of-the-art developments in the collision and grounding of ship and offshore structures. The topics covered by the contributions include: dynamics of vessels in collision and grounding; collision and grounding in Arctic conditions; collision and grounding statistics and measures of the probability of incidents; risk assessment of collision and grounding; measures for reduction of collision and grounding, machine learning methods for the evaluation of probabilistic collision and grounding risk; new designs for improvement of structural resistance to collisions; analysis of ultimate strength of damaged ship structures; design of buffer bows to reduce collision consequences; innovative navigation systems for safer sea transportation, collision between ships and offshore structures; collision between ships and fixed or floating bridges, collision and grounding experiments; properties of materials under impact loadings; residual strength of damaged ships and offshore structures; hull girder response of ships under severe dynamic loadings. The book is aimed at naval architects, marine engineers and scientists. The ICCGS conferences aim to present state-of-the-art methods for analysis and design against collision and grounding of ships, collisions between ships and icebergs, offshore structures, bridges, submerged tunnels and waterfront structures. Previous conferences were held in: San Francisco, USA in 1996; Copenhagen, Denmark in 2001; Tokyo, Japan in 2004; Hamburg, Germany in 2007; Helsinki, Finland in 2010; Trondheim, Norway in 2013; Ulsan, South Korea in 2016, and Lisbon, Portugal in 2019. The Proceedings in Marine Technology and Ocean Engineering series is devoted to the publication of proceedings of peer-reviewed international conferences dealing with various aspects of ‘Marine Technology and Ocean Engineering’. The Series includes the proceedings of the following conferences: the International Maritime Association of the Mediterranean (IMAM) Conferences, the Marine Structures (MARSTRUCT) Conferences, the Renewable Energies Offshore (RENEW) Conferences and the Maritime Technology (MARTECH) Conferences, and the Collision and Grounding of Ships and Offshore Structures (ICCGS) conferences. The ‘Marine Technology and Ocean Engineering’ series is also open to new conferences that cover topics on the sustainable exploration and exploitation of marine resources in various fields, such as maritime transport and ports, usage of the ocean including coastal areas, nautical activities, the exploration and exploitation of mineral resources, the protection of the marine environment and its resources, and risk analysis, safety and reliability. The aim of the series is to stimulate advanced education and training through the wide dissemination of the results of scientific research.

Author: Paul Schulman
Publisher: Stanford University Press
ISBN: 0804798621
Category : Business & Economics
Languages : en
Pages : 264

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Book Description
The safe and continued functioning of critical infrastructures—such as electricity, natural gas, transportation, and water—is a social imperative. Yet the complex connections between these systems render them increasingly precarious. Furthermore, though we depend so heavily on interconnected infrastructures, we do not fully understand the risks involved in their failure. Emery Roe and Paul R. Schulman argue that designs, policies, and laws often overlook the knowledge and experiences of those who manage these systems on the ground—reliability professionals who have vital insights that would be invaluable to planning. To combat this major blind spot, the athors construct a new theoretical perspective that reveals how to make sense of complex interconnected networks and improve reliability through management, regulation, and political leadership. To illustrate their approach in action, they present a multi-year case study of one of the world's most important "infrastructure crossroads," the San Francisco Bay-Delta. Reliability and Risk advances our understanding of what it takes to ensure the dependability of the intricate—and sometimes hazardous—systems on which we rely every day.