The Practical Guide to Wall Street: Equities and Derivatives
Your guide to the institutional equity and equity derivatives businessDespite countless financial books on many different specialties and methods, no one has taken a comprehensive look at the professional trading floor. The Practical Guide to Wall Street fills this gap, serving both as an essential go-to for new hires and as a helpful reference for more experienced traders and salespeople.Written by a seasoned practitioner in a clear, conversational style and assuming no previous background in finance, The Practical Guide to Wall Street provides a thorough schooling in the core curriculum of the equity and equity derivatives sales and trading business. Starting with the basics, it gives you exactly what you would learn from traders at a tier-one investment bank.In this guide, you'll find:Clear, detailed, and intuitive explanations of all major products, their structure, pricing, and risks—many of which are unavailable elsewhereThe layout of the trading floor, the roles and responsibilities of the different sales and trading groups, and how they interact to service the client businessAn overview of the structure of the macroeconomy with explanations of economic data releases as seen from Wall Street's perspectiveA review of the concepts, from fundamental valuation and financial statement analysis, with the greatest applicability and rele-vance on the trading floorPractical details of the structure and functioning of the equity and deriva-tive markets, including translations of trader jargon, Bloomberg tips, mar-ket conventions, liquidity and risk considerations, and much more. . .The first comprehensive explanation of how an equity division functions, The Practical Guide to Wall Street is packed with detailed information previously available only to those already working on the trading floor. This invaluable resource is your key to a successful career in finance.