Articles liés à Market Mechanics

Market Mechanics - Couverture souple

Sivaloganathan, Llavan

 
9798180719430: Market Mechanics

Synopsis

What actually happens inside a bank's markets division — from the moment a trade executes to the moment it settles?

Most finance textbooks teach theory. Most training programmes teach products. Nobody teaches the full operational picture: how trades move from execution through confirmation, clearing, and settlement; how collateral is managed; how OTC derivatives are documented, reported, and margined under EMIR; how risk is monitored in real time by middle office; and how the front, middle, and back office interact as one system.

Market Mechanics fills that gap.

Written by a former Director at Citigroup with 20+ years across capital markets at Citi, Barclays, Deutsche Bank, and Bank of America — and an MBA from London Business School — this is the plain-English guide to how a bank's markets business actually works.

What you will learn:

  • The complete trade lifecycle — pre-trade through post-settlement
  • How OTC derivatives are structured, confirmed, and cleared
  • What central counterparties (CCPs) do and why they matter post-2008
  • How EMIR and MiFID II shape daily operations
  • Collateral management and the Uncleared Margin Rules (UMR)
  • How market risk, credit risk, and operational risk are managed
  • The roles of sales, trading, structuring, product control, and operations

Who this book is for:

Finance graduates joining markets businesses. Operations and middle office professionals building a full-picture understanding. Candidates preparing for markets and operations interviews. Anyone working in or around a bank who has always wanted to understand how the whole system fits together.

246 pages. 22 chapters. 75+ diagrams.

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