swaps for finance. Can we back out projection of paths from it? various payment systems
FedNow FedACH Single European Payment Area (SEPA) LINK Fedwire Clearing House Interbank Payments System
liability driven investment strategy
regulation + ramsey problem for thinking about pricing
point is costs to identifying who to lend to. banks can do that better. also transaction/scale costs for large lending, enforcement.
also, people want short term svings, borrowers want long term. page on reserves. page on full reserve banking, page on fractional reserve banking, bank failure
benchmark and index providers market data vendors
Proprietary trading
Index funds: arbitrage during rebalancing
payment systems in banking: + bank notes as currency + making payments within the same + making payments to other banks + making payments ot banks with other base currencies
payment (cash, interbank (push/pull, reversibility, capital requirements),card systems , (interchange)
split out payments + payment in base currency (eg gold) + payment in bank notes (eg coins) + push bank-to-bank transfer (eg fps) + pull bank-to-bank transfer (eg dd) + card systems + international payments (eg swift)
deposit insurance in central banking
trend following strategies? worth mentioning?
Market makers
trade data + pre + post
exchanges: + fee structures + pay for crossing gap. useful in single exchange + execution + order books. whole amount willing to buy or sell at different prices
multi exchanges + open exchange vs ? + cross exchange arbitrage, competition
role of darkpools?