Tips on Domains

I think I have to share and note down my meager knowledge on different domains, before I totally forget again lol.

There are so much more factors to it for each of them, I will just state a few liners.

Point of Sale and Retail and Shipments
This is where I spent the initial almost 4 years of slavery with, a consumer good giant. Basically from a data warehouse point of view, this is none other than reporting of fact and dimension data: in layman terms: sales vs customer vs product kind of thing. SAP Barcode comes into play, different ways of computing for bundled products and promotion, etc. The level of granularity depends on how you want the information to be stored in the warehouse (star schema, dimensional, etc) and the analysis on what metrics to compute of which the top management people are actually tracking and dying to read and monitor. Basic KPI index on ROI, turnover would be among the favorites.

Telecoms
I spent almost 1.5 years on and off a telco company. Simply put there are 2 lines of businesses, the prepaid and postpaid. UDR (usage detail records) will be tracked, to the details like for a customer, how many local and international calls did he make, when (peak or non peak hours) was the call made, demographics, VAS (value added services) like voice call, 3g, incoming, call waiting, data plan, etc and equally important and volatile are the sim states which could be active, expired, terminated, reconnected. Datawarehousing sounds cool, but it is just a fancy tool for Marketing and Sales executive people to dwell and do their fancy forecasts and analysis. (I overuse the word fancy).

Banking: Forex
Ok finally working on an end-user forex trading application, as they say, where the money is, financial market focus. There are different ways of trading: I will state a few
Spots - trading today where settlement is 2 days from now.
Forwards – trading at a future date
Swaps – 2 streams of trading, a near leg and far leg. It could be even or uneven swap
Orders – putting of orders where you specify your own rate, once the market hits your rate, orders get executed as a trade

Aggegrated trading – for fancy trading for bulk trades of high volumes, minimum usually at 1M for an instruction. An instruction can be further broken down into orders, of which the orders further generate a deal. Some basic terms:
Buy & Sell – you are a market taker, taking in whatever rate the market has
Bid & Offer – you are a market maker, if there is nothing to sweep, you can specify the rate and market where you want to put a limit order in.

Market data adapters would be exchanges like Reuters, Bloomberg, etc which are liquidity sources. If a trader places 10M, it can be executed (risk is hedged by the bank) like 5M@1.03 goes to Reuters, 3M goes to Bloomberg @1.05, 2M goes to CME@1.06.

Some more fancy strategies:
Iceberg – as the name implies, you can have a shown amount and a hidden amount when you place your trade. This way the market won’t have a clear perception of what you place.

Sniper – you can put an open instruction at a rate you want. Once the market hits your rates, it continuous snipes for more orders until the instruction amount gets filled.

Just a side note, after working for forex, I get to be asked a common question, so ‘what do you recommend people to trade’. I once get mocked by an outsider folk for not giving a specific currency to recommend. Let me just set the record:
1) the bank’s forex trading application is for high net worth individuals (financial assets not including primary residence should exceed $1M USD) who do bulk trading. I don’t think it is applicable to common people who do small-time trading

2) whatever currency (ccy) you trade, the bank will never lose, it just hedges the risk outside, it will never keep a long position on a certain ccy. It will only earn, and never lose money. So whether it’s 10M JPY or 10M EUR or 10M USD, it doesn’t make much difference to me from my side of the barn. Perhaps it’s not part of the workstream I am involved in. Do not ask me for insider trading tips, if I do have, I’d be quitting job and practicing trading myself.

People tend to over-exaggerate things. Some people would consider trading as the next booming instrument to take over the world’s financial market. Everyone wants a slice of it and dip their a** into it, makes it sound like they are doing something extremely perplex and high-profile. From a practical standpoint, I can say from my few months, trading is like a glorified gambling casino console hehe.

It’s always handy to know a few of the acronyms and jargons and feel like an expert. As they say, when you can’t convince, confuse. :p