9 of 9 people found the following review helpful
The Trade Lifecycle - Robert Baker,
This review is from: The Trade Lifecycle: Behind the Scenes of the Trading Process (The Wiley Finance Series) (Hardcover)Having worked with Robert in the past I purchased this book more as an act of solidarity than because I felt it would have any real relevance for me but I couldn't have been more wrong.
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.