Partner Since
5+ YearsPublisher | John Wiley and Sons Ltd |
Author | Robert P. Baker |
Language | English |
Book Subtitle | Behind The Scenes Of The Trading Process |
Book Description | Every person working in an investment bank or hedge fund has a large part of his work connected to the lifecycle of a trade. It is the glue by which all the departments are bound and the aggregated success or failure of each trade determines the survival and growth of the entire organization. Trading has evolved from a humble apple grower wanting a stable price for his produce come harvest time, to a complex and exciting industry comprising a significant share of the global economy, and more recently, taking a hand in saving it. It is the fundamental activity of investment banks, hedge funds, pension funds and many other financial companies. There is no better way to understanding the workings of a financial institution than to follow the progress of a trade through all of its various stages and all the activities performed upon it. In the aftermath of the financial crisis, the financial world has changed, with less emphasis on trading and entrepreneurial activity and more on risk management, regulation and auditing. In this new world order, there will be a much greater analysis of every trade, and all market participants will need to have a much better understanding of the impact of their work on the whole trade cycle. This book will dissect a trade into its component parts, track it from pre-conception to maturity and how the trade effects each business function of a financial institution. As well as illustrating each part of the trade process, it will highlight the legal, operational, liquidity, credit and market risks to which the trade is exposed. Readers will benefit from a full understanding of all parts of the trade process, including derivative and credit derivative trades, and will also see, with examples where appropriate, how the mismanagement of these risks led to today's financial crisis. |
About the Author | Robert Baker has spent the majority of his working life in the financial services industry. He has worked at major investment banks such as Barclays Capital, ABN Amro, UBS Warburg, NatWest Markets and Rabobank as well as the Hedge Fund Solent Capital. He has developed risk management and valuation systems across most asset classes, specializing in credit derivatives. Holding positions as programmer, project manager, business analyst and head of technology he has worked in IT, from office and quantitative groups. Using his knowledge of software, financial products and the way investment banks and hedge funds operate; he has bee able to interface between all of the business functions to ensure accurate gathering and delivery of system requirements. In recent years, Robert has moved into consultancy helping a range of companies in the financial sector to maximize their use of IT and advising software vendors on how to tailor their products to meet client expectations. Robert holds an MA in mathematics from the University of Oxford. The author can be contacted by email at robert.baker@elmcroft.net |
Publication Date | 9-Sep-10 |
Number of Pages | 320 |
The Trade Lifecycle: Behind The Scenes Of The Trading Process Hardcover English by Robert P. Baker - 9-Sep-10