内容简介
Every person working in an investment bank or hedge fund has alarge part of his work connected to the lifecycle of a trade. It isthe glue by which all the departments are bound and the aggregatedsuccess or failure of each trade determines the survival and growthof the entire organization. Trading has evolved from a humble applegrower wanting a stable price for his produce come harvest time, toa complex and exciting industry comprising a significant share ofthe 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 nobetter way to understanding the workings of a financial institutionthan to follow the progress of a trade through all of its variousstages and all the activities performed upon it.
In the aftermath of the financial crisis, the financial world haschanged, with less emphasis on trading and entrepreneurial activityand more on risk management, regulation and auditing. In this newworld order, there will be a much greater analysis of every trade,and all market participants will need to have a much betterunderstanding of the impact of their work on the whole tradecycle.
In the aftermath of the financial crisis, the financial world haschanged, with less emphasis on trading and entrepreneurial activityand more on risk management, regulation and auditing. In this newworld order, there will be a much greater analysis of every trade,and all market participants will need to have a much betterunderstanding of the impact of their work on the whole tradecycle.