Creating A Trading Floor
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Author | : Terri Duhon |
Publisher | : John Wiley & Sons |
Total Pages | : 372 |
Release | : 2012-08-23 |
Genre | : Business & Economics |
ISBN | : 1119966027 |
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.
Author | : Charles Smith |
Publisher | : Kogan Page Publishers |
Total Pages | : 513 |
Release | : 2007-02-03 |
Genre | : Business & Economics |
ISBN | : 074945041X |
The design and successful implementation of a new and technically ground-breaking trading floor is one of the most challenging and exciting projects a senior IT professional can undertake. Not only must the project arrive faultlessly to time, incorporating some of the most advanced technologies available, but it must do so within a highly regulated environment, complying with international legislation, data security and corporate governance. Creating a Trading Floor, set to become the project manager's bible, draws on the author's vast experience to provide a uniquely authoritative and comprehensive reference source and practical step-by-step guide for project teams undertaking the design and implementation of new trading floors and data centres. Its core premise is that, although language and cultural issues must be addressed, the same rules of engagement, strategies and project management techniques can apply in all of the world's major financial centres - New York, Chicago, London, Frankfurt, Paris, Singapore, Tokyo and Hong Kong.
Author | : Dan Passarelli |
Publisher | : McGraw Hill Professional |
Total Pages | : 257 |
Release | : 2011-08-19 |
Genre | : Business & Economics |
ISBN | : 0071754946 |
TRADE OPTIONS LIKE A SEASONED PRO! A Trading-Floor Veteran Shares his Secrets "What I like about Dan's book is that it's obvious he isn't just telling you how to trade, he's telling you how he trades. There's always a big difference between those who teach trading from an academic standpoint and those who have traded and have the ability to walk investors step by step through the trade. For my money, I always seek advice and counsel from those that walk the walk and Dan Passarelli has walked the walk." Jon Najarian, cofounder Trademonster.com On Dan Passarelli’s first day as a clerk on the exchange floor, he spent the morning observing, practicing his hand signals, and running errands. Around midday, the veteran clerk he worked with said to him, “You’re up. I’m going to lunch.” Dan survived his trial by fire and went on to spend many years on the trading fl oor. He credits his success as a trader and educator to the hands-on experience he gained throughout his career. With The Market Taker’s Edge, Passarelli shares the knowledge and insights other floor traders keep tight to their chests—the knowledge you need to beat the market on a regular basis. This market maker turned market taker delivers a focused commentary on key concepts for operating in the options exchange like a pro. He offers a candid look at the ups and downs of his trading career and conveys the lessons he learned along the way in an informative and often entertaining way. After spending time on the floor in his shoes, you’ll understand: How professional traders attempt to make money—and why it’s different from the way you make money Why market makers are not the enemy How both market takers and market makers can profit while taking opposite sides of the same trade How to focus on what is important in a trade and avoid the noise Dan Passarelli has already taught thousands of people how to make a living as traders, and now with The Market Taker’s Edge, he can help you do it, too.
Author | : Daniel Beunza |
Publisher | : Princeton University Press |
Total Pages | : 340 |
Release | : 2021-07-13 |
Genre | : Business & Economics |
ISBN | : 0691204772 |
An inside look at a Wall Street trading room and what this reveals about today’s financial system Debates about financial reform have led to the recognition that a healthy financial system doesn’t depend solely on how it is structured—organizational culture matters as well. Based on extensive research in a Wall Street derivatives-trading room, Taking the Floor considers how the culture of financial organizations might change in order for them to remain healthy, even in times of crises. In particular, Daniel Beunza explores how the extensive use of financial models and trading technologies over the recent decades has exerted a far-ranging and troubling influence on Wall Street. How have models reshaped financial markets? How have models altered moral behavior in organizations? Beunza takes readers behind the scenes in a bank unit that, within its firm, is widely perceived to be “a class act,” and he considers how this trading room unit might serve as a blueprint solution for the ills of Wall Street’s unsustainable culture. Beunza demonstrates that the integration of traders across desks reduces the danger of blind spots created by models. Warning against the risk of moral disengagement posed by the use of models, he also contends that such disengagement could be avoided by instituting moral norms and social relations. Providing a unique perspective on a complex subject, Taking the Floor profiles what an effective, responsible trading room can and should look like.
Author | : Patrick Boyle |
Publisher | : |
Total Pages | : 304 |
Release | : 2020-05-14 |
Genre | : |
ISBN | : |
Statistics for the Trading Floor: Data Science for Investing is the best book on statistics for investing. Written for professionals by a professional trader and hedge fund manager, the book gives a thorough grounding in quantitative methods used by investing professionals.
Author | : Michael Gorham |
Publisher | : Elsevier |
Total Pages | : 353 |
Release | : 2009-07-08 |
Genre | : Computers |
ISBN | : 008092140X |
Anyone reading the business section of a newspaper lately knows that the financial exchanges--stock, bonds, FX, commodities, and so forth--are undergoing tremendous transformations. Fund managers, market makers, traders, exchange professionals, marekt data providers and analyzers, investors--anyone involved with the financial exchanges needs to understand the major forces pushing this transformation in order to position themselves and their institutions to the best advantage. In this book, veteran exchange expert Michael Gorham joins his twenty-five years of experience with CME and CBOT to the technical expertise of Nidhi Singh of Goldman Sachs to write a book that tells the story of this dramatic transformation. They chronicle the shift: --from floors to screens --from private clubs to public companies, and --from local and national to global competition. They analyze each of these shifts, identify the drivers behind them and look forward to the implications arising out of them for exchange business in the future. They also explore several key trends: --an increase in product innovation --the integration of markets from all over the world onto a single screen, --the rise of the modular exchange --the outsourcing of various exchange functions, and --the difficulty of transcending geography for regulatory purposes. So join Gorham and Singh in learning the story of this fundamental transformation. As old ways of working are being destroyed, entirely new types of jobs are being created, and new ways of working with exchanges. This book will help you chart the way forward to financial success. Gorham is an exchange expert and Singh is an electronic trading expert, they combine their expertise to reveal the inner workings of the exchanges and where they will go in the future Only book to point to new skills needed and new ways of making money for users of exchange services
Author | : Aaron Healey |
Publisher | : Heinemann-Raintree Library |
Total Pages | : 58 |
Release | : 2011 |
Genre | : Investments |
ISBN | : 1432939319 |
This book covers the ins and outs of the stock and bonds markets, savings and money market accounts, mutual funds, and other types of investments.
Author | : Ignacio Farías |
Publisher | : Routledge |
Total Pages | : 354 |
Release | : 2012-08-21 |
Genre | : Science |
ISBN | : 1135202737 |
This book takes it as a given that the city is made of multiple partially localized assemblages built of heterogeneous networks, spaces, and practices. The past century of urban studies has focused on various aspects—space, culture, politics, economy—but these too often address each domain and the city itself as a bounded and cohesive entity. The multiple and overlapping enactments that constitute urban life require a commensurate method of analysis that encompasses the human and non-human aspects of cities—from nature to socio-technical networks, to hybrid collectivities, physical artefacts and historical legacies, and the virtual or imagined city. This book proposes—and its various chapters offer demonstrations—importing into urban studies a body of theories, concepts, and perspectives developed in the field of science and technology studies (STS) and, more specifically, Actor-Network Theory (ANT). The essays examine artefacts, technical systems, architectures, place and eventful spaces, the persistence of history, imaginary and virtual elements of city life, and the politics and ethical challenges of a mode of analysis that incorporates multiple actors as hybrid chains of causation. The chapters are attentive to the multiple scales of both the object of analysis and the analysis itself. The aim is more ambitious than the mere transfer of a fashionable template. The authors embrace ANT critically, as much as a metaphor as a method of analysis, deploying it to think with, to ask new questions, to find the language to achieve more compelling descriptions of city life and of urban transformations. By greatly extending the chain or network of causation, proliferating heterogeneous agents, non-human as well as human, without limit as to their enrolment in urban assemblages, Actor-Network Theory offers a way of addressing the particular complexity and openness characteristic of cities. By enabling an escape from the reification of the city so common in social theory, ANT’s notion of hybrid assemblages offers richer framing of the reality of the city—of urban experience—that is responsive to contingency and complexity. Therefore Urban Assemblages is a pertinent book for students, practitioners and scholars as it aims to shift the parameters of urban studies and contribute a meaningful argument for the urban arena which will dominate the coming decades in government policies.
Author | : |
Publisher | : |
Total Pages | : 164 |
Release | : 1901 |
Genre | : |
ISBN | : |
Author | : Larry Harris |
Publisher | : Oxford University Press |
Total Pages | : 401 |
Release | : 2010-11-04 |
Genre | : Business & Economics |
ISBN | : 0199813256 |
Exchanges play an essential and central role in the world's economy. They epitomize transparency in the price-formation process, informing investors and disseminating vital information for the functioning of financial markets, and in so doing they represent an important source of capital for nascent and established companies alike. Even during the recent crisis, exchanges remained open and liquid in the face of extreme volatility-thus the trust investors place in regulated exchanges when confronted with uncertainty is beyond doubt. Since the inception of the World Federation of Exchanges in the 1960s, the operational and competitive landscape for organized exchanges has changed radically. Technology and globalization have allowed financial flows to move freely across borders, and burgeoning competition and lower regulatory barriers have spurred far-reaching transformations in the way securities are traded. Against this background, and on the occasion of the 50th anniversary of the World Federation of Exchanges, the WFE has partnered with Larry Harris and the Centre for European Policy Studies to produce a definitive volume of essays to take a look at the historic role exchanges have played in the global economy, highlighting pivotal innovations that shaped this role, and to lay out prospective ways in which exchanges will continue to shape the global economy in the future. Opening with key conceptual essays by leading academics, Regulated Exchanges examines the historical contribution of exchanges to the world's economic growth, exchanges' economic importance, and the regulatory characteristics of the space in which exchanges operate. The volume then presents essays on several defining milestones in the history of exchanges written by leading figures that took part in that very history, showing the interaction between the founding of exchanges, local cultures, and world financial markets. The book appropriately closes with a look forward, examining the competitive landscape and the exciting and promising future of regulated exchanges. Offering an unparalleled collection of perspectives from leading academics and practitioners involved in the history of exchanges, Regulated Exchanges sheds a brilliant and welcome light on how exchanges have influenced and fostered successful financial markets, and how they will do so for many years to come.