I have purchased several markets development books and this one beats them all. It has a fantastic overview of the markets, the language is awesome & the detailed instructions on how you can build your system ground up is fabulous. I'd recommend it to everyone from Beginner to a Pro - "A must buy !!"

For me, just beginning in this field, this book is a gem.
It has great explanations of the lingo/structure of the financial markets as well as useful code examples.

'Practical .NET for Financial Markets' by Samir Jayaswal is a very specialized book for all financial developers. Laid out over 9 chapters with 500+ pages of detail this is a wonderfully written reference for this niche market.

If you are a .NET developer in the financial industry you owe it to yourself to pick up this great resource!

***** RECOMMENDED

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.

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 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.

Technology (.NET Framework, Visual Studio & SQL mainly) : Books by some of the best authors such as Juval Lowy (.NET 2.0 and Component-based/Distributed Architecture, Security, Threading, Remoting, etc.), Chris Sells (Windows Forms, VS 2005), David Sceppa (ADO.NET 2.0), Cristian Darie (ASP.NET 2.0), Marco Bellinaso (ASP.NET 2.0), Nick Rozanski (software systems architecture), Brian Noyes (ADO.Net, Data Binding), Alex Ferrara 9Web Services , Itzik Ben Gan (MS SQL 2005), Len Silverston - Volumes 1 & 2 (Database Modelling Design for several financials) 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!

The book didn't describe every thing about finance. But, it show the things who working in the financial IT need know.
At the most time, IT-people always felt confused for some wording or some processes about the finance. These people need a lot of help to understand the basic domian-knowledge.
This book give these people for more "feelings" between IT-Technology and the financial domain-knowledge. When the programmer write the financial program, after they read this book, I believed that these programmers will have some deep vibrationin in their mind.
Of course, the financial experts didn't need read it. It is too shallow for them.

.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.

.NET has been assimilated by many of the key financial institutions to build trading applications. This book portrays the entire trading environment and issues related to building real-time applications for financial solutions. The level of depth in the C# code snippets is an immense source of information which not only applies to financial world but to a developer it has great value. The language used in the book is simple, concise and without drag. I will recommend this book to all programmers in .NET including people building financial applications. It is a must read book.

.NET has been assimilated by many of the key financial institutions to build trading applications. This book portrays the entire trading environment and issues related to building real-time applications for financial solutions. The level of depth in the C# code snippets is an immense source of information which not only applies to financial world but to a developer it has great value. The language used in the book is simple, concise and without drag. I will recommend this book to all programmers in .NET including people building financial applications. It is a must read book.

This book is great... even if you are not developing financial software... gets deep into many features of .net framework.
A must read for every serious developer.

I had been looking for a book to learn how Financial markets work and what so many financial-programmers write code about. This book gives a great introduction to the various participating entities and also shows various trading related business logic that need to be addressed. With some fine C# (.net) code, it is a good book for those who know programming (C#, C++ or Java) and want to learn how Trading systems are built.. or even for traders or business folks to dive into becoming technical programmers. I come from a non-financial background and know C#. The first chapter gave a very good introduction to these financial terms (without getting tekky) and laid the foundation for the other chapters such as Order Matching, Data Conversion, STP, etc.
Enjoy the book. I hope you find it equally helpful. Good for those looking for a break to work for wall street firms