An Introduction (and Survival Guide) to Wholesale Global Banking, Trading Desks and the World Capital Markets Book

The book is about big banks, stockbrokers and the capital markets of the world. It covers the 'why', 'who', 'where' and 'how' questions. This should allow you to understand the jargon which global banks and stockbrokers function. I concentrate on the monetary aspects - borrowing, lending, buying and selling securities and derivatives. As to who should read it: well anyone wanting to get up to speed with the subject. It assumes no prior knowledge. It is written in simple language with many diagrams to explain what is happening. Jargon is broken down into plain English which is regularly defined is section Glossaries. No formulae are used beyond simple arithmetic since I believe they can intimidate some readers. I have tried to capture something of the motivation, personality, mindset and humor of the players involved with some personal anecdotes. Whether you are thinking of joining a bank, needing background to extend your job prospects or in an academic setting the book should help get you over that initial block. The book covers basic trading principles, market practices, products and support functions. The last section covers IT, Projects and data modeling. The book reflects my working life in senior management positions mainly in and around Trading Desks. In a varied career I have been an investment manager, bond salesman, a trader, invented tax efficient financial products, a computer programmer and latterly a management consultant. Many of these roles have had training as an important secondary aspect.Read More