TY - JOUR A1 - Wicht, Wolfgang A1 - Sweeney, Brian T1 - Multi-National Electronic Brokerage - Pan-European IT Platform for domestic and cross-border securities business & processing T2 - Business Information Management, 1 N2 - The former bull market has led to developments in the online brokerage industry such as over-capacity, profit-margin pressure, high fixed costs and unprofitable country expansion in the current bear market environment. In order to manage this situation, tactical measures like cost containment programs and closing of international brokerages have been applied. More strategic approaches like order flow consolidation by brokerage franchises, integrated online & branch brokerages and multinational electronic brokerages are valid alternative responses to these developments. This article outlines the Multi-National Electronic Brokerage approach from a strategic, functional, operational and technical perspective. T3 - Business Information Management - 1 KW - Online Brokerage KW - Electronic Banking KW - Transaction Banking Y1 - 2004 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:hbz:836-opus-227 PB - FH Münster ER - TY - JOUR A1 - Wicht, Wolfgang A1 - Schröer, Stefan T1 - Business Process Outsourcing im deutschen Finanzdienstleistungssektor - Eine Darstellung möglicher Handlungsoptionen am Beispiel des FX-Abwicklungsprozesses T1 - Business Process Outsourcing in the German Financial Services Industry - Possible courses of action for the processing of Foreign Exchange Transactions T2 - Business Information Management, 5 N2 - Ziel dieses Artikel ist eine Analyse des FX-Abwicklungsprozesses und die Darstellung generierbarer Outsourcing-Potenziale mit einer abschließenden Herleitung möglicher Sourcing-Strategien. Hierzu werden zunächst Chancen und Risiken des Outsourcings von Abwicklungsdienstleistungen im Bankenbereich detailliert gegenübergestellt. Es folgt eine kurze Betrachtung der aktuellen Situation im Outsourcing-Markt für Finanzdienstleister in Deutschland. Abschließend wird die Umsetzung von Outsourcing-Maßnahmen im FX-Processing diskutiert. Hier erfolgt zunächst eine Analyse des FX-Prozesses anhand von abgegrenzten Transaktions- und Vertragsarten. An die Modellierung des FX-Abwicklungsprozesses schließt sich eine Betrachtung der Rolle von CLS (Continuous Linked Settlement) an. Die Abwägung von Outsourcing-Potenzialen wird unter Einbezug der vorher definierten Chancen und Risiken vorgenommen. Hierauf aufbauend soll die Herleitung von möglichen Strategien für den FX-Bereich den Artikel abschließen. Wesentliche Quellen für den vorliegenden Text sind insbesondere Aufsätze, andere Fachveröffentlichungen sowie aktuelle Studien diverser fachkundiger Unternehmensberatungen. Zusammen mit speziell durchgeführten Fach- und Telefoninterviews des Verfassers mit Experten aus der Praxis gelingt es, einen besonderen Bezug zu aktuellen Entwicklungen und Trends herzustellen. T3 - Business Information Management - 5 KW - Outsourcing KW - Bank KW - FX-Abwicklungsprozess KW - FX-Prozess KW - Outsourcing KW - CLS KW - Bank KW - Finanzdienstleistung KW - Transaction Banking KW - Foreign Exchange KW - FX-Processing KW - CLS KW - Outsourcing Y1 - 2005 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:hbz:836-opus-207 PB - FH Münster ER - TY - JOUR A1 - Hessler, Matthias A1 - Wicht, Wolfgang A1 - Hornung, Sven T1 - Multi-National and Multi-Entity capable Securities Order Management System for Electronic Brokerages T2 - Business Information Management, 3 N2 - The current bear market has forced electronic brokerages to compensate the transaction-driven fixed cost degression effect of bull markets by cost containment programs, while maintaining their position in the expanded markets. Orderflow consolidation will be the key principle to obtain the critical mass for this business. Options for the consolidation of the order flow can be the consolidation across internal entities / countries of the group and the acquisition of external order volumes e.g. via brokerage franchises. The current system landscape is not designed to support multi-national and multi-entity order flow consolidation. Fragmented, redundant, legacy-based and proprietary securities order management systems have been utilized to ensure market readiness in the former bull market. This article outlines the requirements and architecture for securities order management systems which enable the efficient orderflow consolidation across entities and countries in the brokerage industry. T3 - Business Information Management - 3 KW - Online Brokerage KW - Transaction Banking Y1 - 2004 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:hbz:836-opus-249 PB - FH Münster ER - TY - JOUR A1 - Corsi, Alessandro A1 - Ankert, Michael A1 - Wicht, Wolfgang T1 - Transaction Banking for Electronic Brokerage - Multi-entity capable provision of execution for the Online Retail Brokerage Segment T2 - Business Information Management, 2 N2 - This article analyses the impacts on the brokerage business of existing market trends. It is here argued that the current situation shows the potential for insourcing offerings in the order routing. T3 - Business Information Management - 2 KW - Online Brokerage KW - Transaction Banking Y1 - 2004 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:hbz:836-opus-239 PB - FH Münster ER - TY - JOUR A1 - Buchholz, Wolfgang T1 - Timing strategies in the internet economy - Conceptual framework, strategic implications and empirical results for European B2B marketplaces T2 - Business Information Management, 4 N2 - This paper deals with the time-to-market in the internet economy. Past and current research on the topic, by and large, aims at market entry as the crucial starting point of a new product's implementation and commercial utilization. Time-to-market, however, goes beyond such an isolated discussion and employs a holistic approach. Also the starting point of innovation and the duration of the innovation process are important parts of the time-to-market concept presented here. Moreover, systematic research on timing has so far focused on traditional businesses. The aim of this paper is to look at the internet economy with the focus on timing strategies. After an introduction to the conceptual framework of time-to-market, this paper will discuss strategic implications of internet-based timing. Here it will focus chiefly on the beginning and the end of the innovation process. Chapter four, then, will exhibit the first results of an empirical study about European B2B-marketplaces with special respect to timing strategies. The paper concludes with an outlook on subject timing and some proposals for future research. T3 - Business Information Management - 4 KW - internet economy KW - timing strategies KW - time-to-market KW - b2b-marketplaces Y1 - 2005 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:hbz:836-opus-252 PB - FH Münster ER - TY - JOUR ED - Wittrock, Ulrich ED - Kynast, Ulrich ED - Jüstel, Thomas ED - Bredol, Michael T1 - 6th Laser Ceramics Symposium T2 - Opt. Mat. Y1 - 2012 UR - https://www.sciencedirect.com/journal/optical-materials/vol/34/issue/6 VL - 34 SP - 935 EP - 1002 PB - Elsevier B.V. ER - TY - JOUR ED - Vennemann, Peter ED - Klemm, Christian T1 - Educational Journal of Renewable Energy Short Reviews N2 - The Educational Journal of Renewable Energy Short Reviews (EduJRESR, formally published as `EGU Journal of Renewable Energy Short Reviews') is a teaching project rather than a regular scientific journal. To publish in this journal, it is a premise to take part in the master course wind power, hydro power and biomass usage at the department of Energy, Building Services and Environmental Engineering of the Münster University of Applied Sciences. Students receive an equivalent of 2.5 credit points (European Credit Transfer and Accumulation System - ECTS) for their engagement in the course and for publishing a short review article of at most 3000 words in this periodical. The publication process closely mimics the typical publication procedure of a regular journal. The peer-review process, however, is conducted within the group of course-participants. Although being just an exercise, we think that publishing the outcome of this course in a citable manner is not only promoting the motivation of our students, but may also be a helpful source of introductory information for researchers and practitioners in the field of renewable energies. We encourage students to write their articles in English, but this is not mandatory. The reader will thus find a few articles in German language. To further encourage students practicing English writing, perfect grammar is not part of the assessment. We especially thank our students for working with LaTeX on Overleaf, although LaTeX is new to some of them. In this way, the editorial workload was reduced to a minimum. We also thank our students for sharing their work under the creative commons attribution licence (CC-BY). We appreciate their contribution to scientific information, being available to every person of the world, almost without barriers. We also thank the corresponding authors and publishers of the cited work, for granting permission to reuse graphics free of charge. All other figures had to be replaced or removed prior to publication. T3 - EGU Master Journal of Renewable Energy Short Reviews - 2023_00 Y1 - 2023 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:hbz:836-opus-172599 ER - TY - JOUR ED - Vennemann, Peter ED - Klemm, Christian ED - Blankenstein, Benjamin T1 - Educational Journal of Renewable Energy Short Reviews N2 - The Educational Journal of Renewable Energy Short Reviews (EduJRESR, formally published as ‘EGU Journal of Renewable Energy Short Reviews’) is a teaching project rather than a regular scientific journal. To publish in this journal, it is a premise to take part in the master course wind power, hydro power and biomass usage at the department of Energy, Building Services and Environmental Engineering of the Münster University of Applied Sciences. Students receive an equivalent of 2.5 credit points (European Credit Transfer and Accumulation System – ECTS) for their engagement in the course and for publishing a short review article of at most 3 000 words in this periodical. The publication process closely mimics the typical publication procedure of a regular journal. The peer-review process, however, is conducted within the group of course-participants. Although being just an exercise, we think that publishing the outcome of this course in a citable manner is not only promoting the motivation of our students, but may also be a helpful source of introductory information for researchers and practitioners in the field of renewable energies. We encourage students to write their articles in English, but this is not mandatory. The reader will thus find a few articles in German language. To further encourage students practicing English writing, perfect grammar is not part of the assessment. We especially thank our students for working with LATEX on Overleaf, although LATEX is new to some of them. In this way, the editorial workload was reduced to a minimum. We also thank our students for sharing their work under the creative commons attribution licence (CC-BY). We appreciate their contribution to scientific information, being available to every person of the world, almost without barriers. We also thank the corresponding authors and publishers of the cited work, for granting permission. T3 - EGU Master Journal of Renewable Energy Short Reviews - 2024_00 Y1 - 2024 U6 - http://nbn-resolving.de/urn/resolver.pl?urn:nbn:de:hbz:836-opus-176363 PB - FH Münster CY - Münster ER -