5
Trading
The material in this chapter should be cross-referenced with the following cases: A Tale of Two Hedge Funds: Magnetar and Peloton and Kmart, Sears, and ESL: How a Hedge Fund Became One of the World’s Largest Retailers.
This chapter focuses on the two types of trading conducted by investment banks: client-related trading and proprietary trading. The chapter also describes the activities of the two key trading businesses: equities trading and fixed income, currencies, and commodities (FICC) trading.
Client-Related Trading
An investment bank’s client-related trading business is comprised of traders, sales professionals, and research analysts. Traders are responsible for buying securities from institutional and individual investors and, at ...
Get Investment Banks, Hedge Funds, and Private Equity, 2nd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
