Top critical review
11 people found this helpful
Some goods parts, but very unrefined & messy
on 11 July 2011
This book doesn't act as a clear step-by-step explanation of the industry and what it does. The writer flicks between irrelevant historical information, detailed examples of specific areas & transactions, and odd lists of statistics, all without a clear overall structure, and without a gradual build up, or "learning curve", as you might expect from the title. For example, the writer will introduce something like "trading" and tell you that it involves "executing security trades for clients, market making, and proprietary trading", and then the sentence will just end, without any further elaboration. This recurs again and again, throughout the book.
So I don't really know what purpose this book serves. I had to turn to other books to understand the concepts in this book, and when I came back to this book, I wasn't learning anything new.
If the writer bothered to edit and structure the information properly, build up the info steadily, and update it (most of the info is up-to-date for 2005-7, with some clumsy "bolt-ons" for 2008), then it could make a decent overview of the basics and recent history. As it is, it's a clumsy mess with pockets useful info hidden throughout. Not recommended for beginners: maybe best as a refresh for someone interested in the recent history of IB?