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Product Description
Product Description
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.
From the Inside Flap
“The practical experience and accumulated knowledge of an IT professional in the finance and banking world makes this book valuable and extremely useful reading. Clear, comprehensive and well written – the book is particularly relevant in the post credit crunch world where transparency and due diligence have come to the fore. I highly recommend this book to anyone involved in the development an implementation of systems in finance and trading.” – Geoff Chaplin, partner in Reoch Credit Partners LLP
“This is a well thought out introduction to how the trading process works in investment banking. An excellent resource to dip in to for those new to investment banking, with up to date examples of each stage of the trade lifecycle, and particularly good coverage on all aspects of risk management and model validation, processes and the development of trade systems.” – Heather–Anne Hubbell, Managing Consultant, Deputy Head, Risk Practice, Rule Financial
“The trade lifecycle is at the heart of the operation of all investment institutions. Robert Baker’s book The Trade Lifecycle: Behind the Scenes of the Trading Process shed light on this important subject, which is often little understood even by those who depend on it. Robert presents a very clear, easy to read, yet comprehensive review starting with an introduction to financial products and the background of trading, progressing to advanced subjects like regulatory, legal, and compliance issues. I thoroughly recommend Robert’s book to everyone who needs a clear and comprehensive introduction to this subject including operations staff, risk managers, traders, regulators, and consultants.” – Rohan Douglas, Founder and CEO, Quantifi
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Customer Reviews
After contracting in investment banking for my entire career, latterly as a senior software developer, I had always struggled with the fact that I was offered little guidance as to the instruments with which I was expected to work and the processes with which my work integrated; after reading Robert's book I can safely say my accumulated experience of 14 years in finance has finally been given a voice.
Robert has managed to condense a lifetime of expertise and study into an eminently readable introduction into the frequently oblique world of investment banking as viewed from the perspective of an individual trade; from asset class descriptions in layman's terms to discussions of the Greeks to an all-encompassing perspective on the multitude of potential risks engendered in a trading environment this book has provided me with a perspective that all my years in banking singularly failed to do.
Although of less relevance to me as it covered ground with which I was already comfortable I have to also mention the chapters on IT and system development which should be required reading for any Luddite business types who harbour the illusion that code writes itself.
Highly recommended.
There's a good cross-section re: products and trade types and it's well paced and not overly long like some reference type books are.
This is a real-work book for real people working in the industry.
I have over 15 years of I.T. development in Java, Oracle ( within retail banking, media) but I have always wanted to go into the investment trading sector. But there were so many things I needed to learn which got me discouraged.
I had bought so many books, some were bulky with so many pages, i didnt finish most of them. Usually halfway, im lost.
Then i came across this book. I read sample chapters & wanted more. So i bought it.
I wanted a book that would just go into the basic & the detail of what i needed to know to forge ahead in my career.
Im not just writing this & amazon can check my account & confirm this is the first time im writing a review. And
I had bought around two hundred books from this website.
It is a great book & I found it very easy to digest. Definitely one of the best books i had bought.
Listmania!
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