October 2012
Beginner
368 pages
10h 4m
English
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Conclusion
To trade means agreeing a price at which someone buys or sells a financial product. But unlike the picture we often see in the media, where traders are running around screaming on the stock exchanges, most traders on the trading floor of a bank are carrying on a more sedate and sometimes much anticipated transaction. This chapter gives three examples of common transactions which happen on the trading floor. They are interesting because while one happens within 30 minutes, one takes months and another takes weeks to plan and structure. What is crucial in all of these transactions is the amount of communication that is required between different parts of the bank and the market makers. Also crucial is clarity on the point of execution ...
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