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An Introduction to Trading in the Financial Markets: Global Markets, Risk, Compliance, and Regulation
 
 

An Introduction to Trading in the Financial Markets: Global Markets, Risk, Compliance, and Regulation, 1st Edition

 
An Introduction to Trading in the Financial Markets: Global Markets, Risk, Compliance, and Regulation, 1st Edition,R. Tee Williams,ISBN9780123748379
 
 
 

  

Academic Press

9780123748379

9780080951164

472

235 X 191

This high-level portrait of the financial markets concludes a 4-volume set of fully illustrated introductions to these rapidly changing institutions

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Key Features

  • Presents a high-level view of global financial markets, including institutions, instruments, and dynamic interactions  
  • Describes the assumptions and expectations of market participants
  • Heavily illustrated so readers can easily understand advanced materials

 

 

Description

Succeeding in the financial markets requires a mastery of many disciplines. Mastery begins with understanding the actors, rules, and dynamics, and the ways in which they interact. This volume, the last of a 4-volume series, presents a broad perspective on key subjects such as regulation and compliance, risk and ways to mitigate it, and the directions in which trading markets might evolve. Like its predecessors, it presents alternative versions of the future: will the sell side or buy side come to dominate, for example, and how might new technologies shape global markets? Mastery of the financial markets begins with its authoritative, heavily illustrated presentation.

Readership

Pre-professionals and young professionals who seek a broad introduction to all elements of global financial markets. 

R. Tee Williams

R. "Tee" Williams is an expert on market data operations and strategy.

Affiliations and Expertise

R. "Tee" Williams is a well-known consultant and Principal of Tee Williams Associates. Tee has built industry recognition as an expert on market data operations and strategy.

View additional works by R. Tee Williams

An Introduction to Trading in the Financial Markets: Global Markets, Risk, Compliance, and Regulation, 1st Edition

Preface for the Set

Preface

Overview

Visual Glossary

Future

PART 1. Global Markets

Introduction

1. Geography

Regional Structure

2. Instruments

Primary Instruments

Secondary Instruments

3. Entities

Buy-Side Entities

Sell-Side Entities

Trading Venues

4. Trading Practices

Buy-side Trading Practices

Sell-Side Trading Practices

5. Issues

Centralization versus Decentralization

Electronic Trading

Latency

Related Information in Other Books

PART 2. Risk

Introduction

1. Type of Loss

Instrument Loss

Position or Portfolio Loss

Department or Division Loss

Firm Loss

Support Entity Loss

National Market Loss

Global Market Loss

2. Kinds of Risk

Business Risk

Environmental, Societal, and Governmental Risk

Financial Risk

Market Risk

Operational Risk

Credit Risk

Liquidity Risk

Counterparty Risk

Regulatory Risk

Systemic Risk

Other Definitions of Risk

3. Causes of Risk

Prices

Fat Tails

Theft

Hubris

Greed and Ego

Ignorance

Wishful Thinking

Lax Controls

Wesons

4. Risk Mitigation

Risk Warnings

Protection

5. Organization of Risk

6. Regulatory Actions

The Group of Thirty

Basel I, II, and III

Dodd-Frank

Prudential Regulations

7. Issues of Risk

Related Information in Other Books

PART 3. Compliance

Introduction

1. Types

Regulatory Types

Financial Types

Operational Types

Customer Types

Contractual Types

2. Support and Organization

Support

Organization

Related Information in Other Books

PART 4. Regulation

Introduction

1. Span of Regulation

Entity

Province or State

National Regulation

Transnational Regulation

Commercial Codes

2. Regulatory Implementation

Self-Regulation

Governmental Regulation

Hybrid Regulation

3. Regulatory Functions

Entity or Function

Trading Market

Primary Market

Enforcement

Executive Body

4. Goals for Regulation

Financial Responsibility

Customer Protection

Professionalism

Transparency

Conflicts of Interest

Best Execution

Competitive Parity

Market Fairness

National Market Defense/Protection

5. Geographic Regulation

United Kingdom

United States

European Union

Basel Committee on Banking Supervision

Rest of the World

6. Types of Regulation

Entity

Markets

Support Activities

7. Regulation Concepts

Rules-Based Regulation

Principles-Based Regulation

Injunctions

Functional Regulation

8. Regulation Issues

Globalization

Competition

Systemic Risks

Related Information in Other Books

PART 5. Playing the Game

Introduction

The Context

1. Step 1

The Portfolio Manager

Market Conditions

Technology

Process

Things We Did Not Consider

2. Step 2

Buy-Side Trader

Market Conditions

Technology

Process

Things We Did Not Consider

3. Step 3

Sales Trader

Market Conditions

Technology

The Process

Things We Did Not Consider

4. Step 4

Trading Venues

Market Conditions

Technology

Process

Things We Did Not Consider

5. Step 5

Purchases and Sales, the Sales Trader, and the Buy-Side Trader

Market Conditions

Technology

Process

Things We Did Not Consider

6. Step 6

Portfolio Accounting

Technology

Process

Things We Did Not Consider

7. Step 7

Participants

Market Conditions

Technology

Process

Things We Did Not Consider

8. Step 8

Participants

Technology

Process

Things We Did Not Consider

Related Information in Other Books

Conclusion

Book 1: An Introduction to Trading in the Financial Markets: Market Basics

Book 2: An Introduction to Trading in the Financial Markets: Trading, Markets, Instruments, and Processes

Book 3: An Introduction to Trading in the Financial Markets: Technology—Systems, Data, and Networks

Glossary

Index

 
 
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