Matthew Tagliani – The Practical Guide to Wall Street

Matthew Tagliani – The Practical Guide to Wall Street

The Practical Guide to Wall Street is an indispensable useful resource for anybody who aspires to a front-office gross sales or buying and selling place on Wall Street and a vital desk reference for market practitioners and those that work together with this thrilling however broadly misunderstood trade. Written by an skilled dealer in a transparent, conversational fashion and assuming no earlier background in finance, The Practical Guide to Wall Street offers an intensive education within the core curriculum of the fairness and fairness derivatives gross sales and buying and selling enterprise – precisely what you’ll study from sitting beside the merchants at a tier-one Wall Street funding financial institution (besides that in apply, merchants not often have time to present such detailed explanations!) Topics lined embrace:

• Clear, detailed and intuitive explanations of all main merchandise, their perform, pricing and dangers (a number of of that are unavailable anyplace else regardless of producing billions of {dollars} in annual income for Wall St.)
• The structure of the buying and selling flooring, the roles and tasks of the completely different gross sales and buying and selling teams and the way they work together to service the shopper enterprise
• An overview of the construction of the macro-economy and the dealer’s perspective on the importance of financial knowledge releases and their influence on the monetary markets
• A evaluate of these ideas from elementary valuation and monetary assertion evaluation of biggest relevance on the buying and selling flooring (as opposed to summary valuation fashions)
• Practical particulars of the construction and functioning of the fairness and by-product markets together with translations of dealer jargon, Bloomberg ideas, market conventions, liquidity and threat concerns and rather more…

This e-book offers the primary complete rationalization of all elements of the functioning of the equities division, with data, particulars and insights beforehand solely accessible to those that already labored on a buying and selling flooring. The availability of this materials in a format accessible to non-professionals basically modifications the extent of trade information employers within the monetary companies trade can count on of latest hires.

From the Inside Flap

Your information to the institutional fairness and fairness derivatives enterprise

Despite numerous monetary books on many alternative specialties and strategies, nobody has taken a complete have a look at the skilled buying and selling flooring. The Practical Guide to Wall Street fills this hole, serving each as a vital go-to for brand spanking new hires and as a useful reference for extra skilled merchants and salespeople.

Written by a seasoned practitioner in a transparent, conversational fashion and assuming no earlier background in finance, The Practical Guide to Wall Street offers an intensive education within the core curriculum of the fairness and fairness derivatives gross sales and buying and selling enterprise. Starting with the fundamentals, it offers you precisely what you’ll study from merchants at a tier-one funding financial institution.

In this information, you’ll discover:

• Clear, detailed, and intuitive explanations of all main merchandise, their construction, pricing, and dangers—a lot of that are unavailable elsewhere
• The structure of the buying and selling flooring, the roles and tasks of the completely different gross sales and buying and selling teams, and the way they work together to service the shopper enterprise
• An overview of the construction of the macroeconomy with explanations of financial knowledge releases as seen from Wall Street’s perspective
• A evaluate of the ideas, from elementary valuation and monetary assertion evaluation, with the best applicability and rele-vance on the buying and selling flooring
• Practical particulars of the construction and functioning of the fairness and deriva-tive markets, together with translations of dealer jargon, Bloomberg ideas, mar-ket conventions, liquidity and threat concerns, and rather more. . .

The first complete rationalization of how an fairness division features, The Practical Guide to Wall Street is full of detailed data beforehand accessible solely to these already engaged on the buying and selling flooring. This invaluable useful resource is your key to a profitable profession in finance.

From the Back Cover

Praise for The Practical Guide to Wall Street

“An extraordinary accomplishment. This clear, well-written, and insightful book is an indispensable resource for any new entrant to the business and an enormously useful reference for more experienced practitioners as well. Books on finance come and go, this one will stay the course.”
—Sam Kellie-Smith, Managing Director, Global Head of Equity and Equity Derivative Trading, Morgan Stanley

“The Practical Guide to Wall Street is an excellent introduction to the wide range of products traded in an equities business today. I’d enthusiastically recommend it to any new hire in the sales or trading business.”
—Simon Yates, Managing Director, Global Head of Equity Derivatives and Co-Head of European Securities, Credit Suisse

“Since 2002 I have been teaching MBA courses on equity markets and equity derivatives. Prior to that, I worked for eighteen years at Goldman Sachs in equity derivatives. Until now, I have never found a textbook that combines practical wisdom with academic rigor. Matthew Tagliani’s book, The Practical Guide to Wall Street, provides that unique combination. I hope to use it in the classroom immediately.”
—Mark Zurack, Professor and Visiting Lecturer, Columbia Business School and Johnson School of Management, Cornell University

“Mr. Tagliani has done what few have managed to do before—demystify the machinery of the financial industry in plain and accessible language. A hands-on introduction to what happens on the Street—if you are entering or thinking of joining the financial industry; or even if you simply want to understand what your next door neighbor does, this book is a must.”
—Nikunj Kapadia, Associate Professor, Isenberg School of Management, University of Massachusetts Amherst

“This book will provide a great head start for?anyone considering joining an equities trading floor. It contains a wealth of detail and covers the issues that traders, salespeople, and their customers deal with on a day-to-day basis.? It spares the reader unnecessary technicalities and focuses on the points that matter to finance professionals.”
—Sandy Rattray, Portfolio Manager, GLG Partners