How the Trading Floor Really Works
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Book 1
Book 2
Book 3
Home > Business and Economics > Finance and accounting > Finance and the finance industry > Investment and securities > How the Trading Floor Really Works: (Bloomberg Financial)
How the Trading Floor Really Works: (Bloomberg Financial)

How the Trading Floor Really Works: (Bloomberg Financial)


     0     
5
4
3
2
1



Out of Stock


Notify me when this book is in stock
X
About the Book

A detailed look at what really happens in the front office of an investment bank and why Trading floors have always fascinated people, but few understand the role they play in the world of finance today. Though markets rise and fall every day, the drivers of those are rarely explored. Those who understand the dynamics of trading floors will better understand the dynamics of global financial markets. This book reveals the key players on the floor, their roles and responsibilities, how they serve their clients, and how it all impacts the markets. It also explains important terminology, explains the world of trading both cash and derivatives, and much more. Includes a foreword by Gillian Tett, author of Fool's Gold: How Unrestrained Greed Corrupted a Dream, Shattered Global Markets and Unleashed a Catastrophe. Terri Duhon (www.terriduhon.co) is a financial market expert who in 2004 founded B&B Structured Finance Ltd, which provides expert consulting and financial markets training . Her time on the trading floor has been documented in the book Fool's Gold as well as by PBS's Frontline.

Table of Contents:
Foreword xi Preface xiii Why I Wrote this Book xiii What this Book Does and Does Not Do xiv Who this Book Is For xiv Finally, Some Key People in the Process of Writing this Book xv All Feedback Welcome! xv Women on the Trading Floor ... Really? xvii CHAPTER 1 What Are Financial Markets? 1 Debt Markets 4 Equity Markets 11 Other Asset Classes 21 Derivative Markets 22 Conclusion 26 Discussion Questions 27 CHAPTER 2 What Role Do Banks Play in Financial Markets? 29 What It Means to Provide Liquidity 31 Central Market Platforms 37 Who Are the Clients and What Are They Doing? 45 Conclusion 54 Discussion Questions 56 CHAPTER 3 Which Part of the Bank Are We Talking About? 57 Corporate Finance 60 Global Financial Markets 63 Where Are these Trading Floors? 73 The Trading Floor's Relationship with Clients 75 The Loan Portfolio and the Funding Department 76 Conclusion 80 Discussion Questions 81 CHAPTER 4 What Does It Mean to Trade? 83 PACAM Treasury Trade 85 Supermart Interest Rate Swap Trade 94 A Structured Equity Product 108 Conclusion 118 Discussion Questions 119 CHAPTER 5 What Is the Market and Why Does It Move? 121 What Is the Market? 123 Price Fundamentals: Macroeconomics 128 Price Fundamentals: Company Specific News 135 Supply and Demand 140 Conclusion 142 Discussion Questions 143 CHAPTER 6 How Do Traders Make a Market? 145 PACAM Treasury Trade 148 Supermart Interest Rate Swap Trade 158 Equity Structured Product Trade 163 A Typical Trader Day 166 Conclusion 168 Discussion Questions 169 CHAPTER 7 How Is Proprietary Trading Different from Market Making? 171 Proprietary Trading Desk Overview 173 Proprietary Desk Liquidity 176 How Market Makers Are Similar to Proprietary Traders 180 Trading Book Accounting 186 Trader Capital Allocation 187 Conclusion 188 Discussion Questions 189 CHAPTER 8 What Is the Relationship Between Sales and Trading? 191 A Day in the Life 195 Know Your Client 199 Managing the Client Relationship 201 Sales Person Stereotypes 209 Conclusion 211 Discussion Questions 211 CHAPTER 9 What Role Does the Research Analyst Play? 213 The Role of a Credit or Equity Analyst 215 Conflict of Interest 221 The Economists and Strategists 222 Desk Analysts 225 Conclusion 226 Discussion Questions 227 CHAPTER 10 What's So Special About Trading Derivatives? 229 Bond Intermediation 231 Derivative Intermediation 234 Counterparty Credit Risk 241 Illiquid Derivatives Intermediation 246 Conclusion 248 Discussion Questions 249 CHAPTER 11 Where Does Structuring Fit? 251 The Deal Origination 252 Deal Negotiation 255 Deal Closing 260 Conclusion 263 Discussion Questions 264 CHAPTER 12 Where Are the Quants? 265 Pricing Models and What They Do 266 Risk Management Models and What They Do 271 Financial Market Evolution 274 Quants' Relationship with the Trading Floor 275 Conclusion 277 Discussion Questions 278 CHAPTER 13 What Are the Risks? 279 Market Risk 281 Credit Risk 287 Other Risk 292 Conclusion 295 Discussion Questions 296 CHAPTER 14 How Do We Manage These Risks? 297 New Product Approval Process 299 Market Risk Limits 304 Credit Risk Limits 307 Learn from Experience 309 Conclusion 312 Discussion Questions 313 Epilogue 315 Glossary 317 Index 341

About the Author :
Terri Duhon is a financial market expert with almost 18 years of experience in financial markets. She graduated from MIT in Math in 1994 and immediately joined JPMorgan as a derivatives trader on Wall Street. While at JPMorgan, she was instrumental in developing the credit derivative market globally. Her time on the trading floor has been documented in the book Fool's Gold as well as by PBS's Frontline. In 2004, after 10 years on the trading floor in New York and London, Terri founded B&B Structured Finance Ltd, which provides expert consulting and financial markets training. She has led expert witness teams for financial litigation in both NY and London, assisted asset managers in assessing financial market risks as well as given hundreds of training programs globally for thousands of participants. She is also retained by a major financial regulator as an expert consultant on financial markets. Terri gives university lectures, speaks at conferences and is often quoted in the financial press. She sits on the board of two charities and lives with her family in Oxford, England.


Best Sellers


Product Details
  • ISBN-13: 9781119966012
  • Publisher: John Wiley & Sons Inc
  • Publisher Imprint: John Wiley & Sons Inc
  • Language: English
  • Series Title: Bloomberg Financial
  • ISBN-10: 1119966019
  • Publisher Date: 23 Aug 2012
  • Binding: Digital (delivered electronically)
  • No of Pages: 368


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
How the Trading Floor Really Works: (Bloomberg Financial)
John Wiley & Sons Inc -
How the Trading Floor Really Works: (Bloomberg Financial)
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

How the Trading Floor Really Works: (Bloomberg Financial)

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept

    Fresh on the Shelf


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!