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An Introduction to Trading in the Financial Markets: Market Basics
How do financial markets operate on a daily basis? An Introduction to Trading in the Financial Market Basics is the first of four volumes, and introduces the structures, instruments, business functions, technology, regulations, and issues that commonly found in financial markets. Placing each of these elements into context, Tee Williams describes what people do to make the markets run. His descriptions apply to all financial markets, and he includes country-specific features, stories, historical facts, glossaries, and brief technical explanations that reveal individual variations and nuances. Reinforcing his insights are visual cues that guide readers through the material. While this book won’t turn you into an expert broker, it will explain where brokers fit into front office, middle office, and back office operations. And that knowledge is valuable indeed.
336 pages, Paperback
First published September 16, 2010
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Displaying 1 - 3 of 3 reviews
March 17, 2023
We were reading this book as part of a book club at work.
There are many parts to the financial systems and this is a easy introduction to all of them, what they are, and how they fit together. When I started reading it, I was working at a firm that was building a marketplace and also offering a custodial service. I then moved to another firm that was acting as a financial advisor, with a close relationship with a broker. I liked being able to apply what I was learning to my every day work.
Fiduciary: act prudently in the best interest of the client.
There are many, many ways to make money in a financial system. One party may charge fees while another may rely on appreciation. There are plenty of opportunities for conflicts of interest, which calls for various forms of regulations. Various firms can get very creative when finding ways to make money and design financial instruments.
The book itself often comes across as very light and dry. There are plenty of illustrations, but they are very repetitive and don't always add much to the main text. Perhaps the other books in the series offer more depth or provide some case studies. This one gives a whirlwind tour of all the nomenclature, but its dryness makes it hard for the more complex concepts to stick.
There are many parts to the financial systems and this is a easy introduction to all of them, what they are, and how they fit together. When I started reading it, I was working at a firm that was building a marketplace and also offering a custodial service. I then moved to another firm that was acting as a financial advisor, with a close relationship with a broker. I liked being able to apply what I was learning to my every day work.
Fiduciary: act prudently in the best interest of the client.
There are many, many ways to make money in a financial system. One party may charge fees while another may rely on appreciation. There are plenty of opportunities for conflicts of interest, which calls for various forms of regulations. Various firms can get very creative when finding ways to make money and design financial instruments.
The book itself often comes across as very light and dry. There are plenty of illustrations, but they are very repetitive and don't always add much to the main text. Perhaps the other books in the series offer more depth or provide some case studies. This one gives a whirlwind tour of all the nomenclature, but its dryness makes it hard for the more complex concepts to stick.
April 22, 2022
A book with good graphics and enough narrative to get the basic concepts clear and without complicating things unnecessary. It helped me to get the basic Financial Market concepts and how it’s structured. It gave me the type of insight I was looking for.
March 5, 2017
Yet another capital market and trading background books...getting to be repetitive with all the other books...I think I am done with background.
Displaying 1 - 3 of 3 reviews