The Practical Guide to Wall Street is an indispensable resource for anyone who aspires to front-office sales or trading position on Wall Street, and an essential desk reference for market practitioners and those who interact with this exciting but widely misunderstood industry. Written by an experienced traderin a clear, conversational style and assuming no previous background in finance, The Practical Guide to Wall Street provides a thorough schooling in the core curriculum of the equity and equity derivatives sales and trading business,including: Clear, detailed explanations of all major products, their function, pricing and risks (several of which are unavailable anywhere else despite producing billions of dollars in annual revenue for Wall St.) The layout of the trading floor, the roles and responsibilities of the different groups and how they interact to service the client business Details of the structure and functioning of the equity and derivative markets including trading logistics, market conventions, liquidity and other risk considerations An explanation of all major economic data releases as seen from a traders perspective as well as theeconomic significance of market indicators Explanation of client types and the broker-client relationship Tips, tricks, translations of trader jargon, Bloomberg tips, anecdotes from the trading floor and more This book provides the first comprehensive explanation of all aspects of the functioning of the equities division, with information, details and insights previously only available to those who already worked on a trading floor. The availability of this material in a format accessible to non-professionals fundamentally changes the level of industry knowledge employers in the financial services industry can expect of new hires.
- ISBN: 978-0-470-38372-8
- Editorial: John Wiley & Sons
- Encuadernacion: Cartoné
- Páginas: 528
- Fecha Publicación: 21/04/2009
- Nº Volúmenes: 1
- Idioma: Inglés