Download How the Trading Floor Really Works by Terri Duhon PDF

By Terri Duhon

A close examine what particularly occurs within the entrance place of work of an funding financial institution and why
Trading flooring have continuously involved humans, yet few comprehend the position they play on the earth of finance this present day. even though markets upward thrust and fall each day, the drivers of these are not often explored. those that comprehend the dynamics of buying and selling flooring will larger comprehend the dynamics of world monetary markets. This ebook finds the most important gamers at the flooring, their roles and duties, how they serve their consumers, and the way all of it affects the markets. It additionally explains vital terminology, explains the realm of buying and selling either funds and derivatives, and masses extra.

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Most exchanges today operate with an electronic trading system, so sadly that fun image is a bit out of date. Today trading floors are a bit more sedate. They generally have rows of desks without partitions of any sort across, in many cases, the entire floor of a building. The employees behind the desks are mostly wearing suits and facing up to six or seven computer screens on their desks while talking on one or more phones and sometimes shouting across to someone on a different row of desks. This can be as seemingly chaotic and loud as that antiquated image of an exchange trading floor but is on the whole, compared to an open outcry exchange, far less physical in nature.

The game is about guessing how many of the same number or letter there are in the group. For example, the first person starts with two 1s. In a group of three or more, with a 10-digit serial number, it is highly probable 29 30 How the Trading Floor Really Works that there are at least two 1s between all the serial numbers. The next person needs to make at least one of the numbers higher, for example three 1s or two 2s. The person who doesn’t think what has previously been called is possible says “liar” to the previous guess.

What Are Financial Markets? 21 Other Asset Classes Having provided the basis of the financial markets in the form of the two asset classes, equity and fixed income, we can now easily expand into other asset classes, such as currencies, commodities and emerging markets. The currency market (also called the foreign exchange market or the FX market) is simply where different currencies are exchanged. The drivers of the currency market are numerous, although the main ones are global entities with operations in different locations, investors who have cash in one currency but want to invest in a financial product in another currency, governments who are managing their exchange rate and speculators who have a view on one currency vs.

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