By
David Loader, Managing Director, Derivatives Management Services, London
Description
An analysis of the major securities, derivatives and money markets from an operations point of view, 'Understanding the Markets' takes
the reader through the major features and characteristics of the markets and the products. The relationship between the trading and dealing
functions and the operations functions is examined and the issues discussed.
This book looks at the financial markets from the viewpoint
of the person working in the operations functions that support the trading, dealing and investment processes, and as such is essential
reading in order to fully understand the industry - an industry which has gone, and is still going through, much change.
As the markets
undergo change so too do the administration, clearing and settlement functions, as the clearing houses, securities depositories and custodians
merge and diversify. This is going to impact on the operations teams that support the trading, sales and retail business. A failure to
be aware of and to understand the impact of changes in the markets will create massive problems, greater risk and ultimately financial
losses. And yet the sheer size and diversity of the global markets, together with the rapid pace of change and expansion, and the increasing
volume of transactions needing to be processed, presents a massive challenge to operations teams and managers.
Knowing how the markets
work and what impacts on the operations team is crucial for managers and supervisors. In this book the author provides a full explanation
of the markets and their impact in operations terms. So if you are about to embark on a career in operations 'Understanding the Markets'
is essential reading. Alternatively, if you are planning a career as a dealer it will prove very useful in explaining the process that
occurs after you have traded.
Audience:
Operations staff in banks and other financial institutions who have experience in the finance industry; Individuals who seek a career
move into the operational side of the business, or those who wish to move into a supervisory/management role with the operations function.
