Author: Hillary Davis
Title: A Million a Minute: Inside the Mega-Money, High-Tech World of Traders: Inside the Mega-money, Hi-tech World of Traders
Description: , Nicholas Brealey Publishing Ltd (30. November 1997), 1997. 250, , Hardcover. Zustand: 2. This is the story of the rise to power of traders, their culture and their lifestyles. From George Soros to Nick Leeson, traders are a different breed. Some are visionaries, some legends, some have become post-modern statesmen while others are blackjack junkies. Some are sitting in jail. Traders are the new financial establishment. Their power is eclipsing that of the old-boy network that ruled the financial markets for so long and it springs from their ability to understand, negotiate and tame the increasing speed and technology of the financial markets, and make their fortunes while doing it. This is the story of their rise to power, their culture and their lifestyles. From George Soros to Nick Leeson, traders are a different breed. Some are visionaries, some legends, some have become post-modern statesmen while others are world-champion bidge players and devoted blackjack junkies. Some are sitting in jail. Trading in financial markets has exploded both in terms of volume and monetary value in the last few years, with rapid advances in electronic trading and the trend of investors to invest on a global scale. The financial trader has been a lightning rod for these huge international investment flows. What the trader does with this new-found power is a subject of concern for governments around the world, for regulators, for members of the press that understand the implications, even for the financial institutions that employ them. It should also be of concern to, and understood by, the public whose money they have under their influence. Judi James is the author of "Body Talk" and "The Office Jungle". A fly-on-the-wall insight into the world of the financial markets and an attempt to dispel some of the myths, bad press and glamour surrounding trading. In a candid style, Davis describes the rise and the role of traders and the challenges that they face, and brings the reader to the forefront of the electronic future. The book draws on first-hand interviews with whizz kids and experts in their field, and will appeal to those aspiring to a career in the financial world. (Kirkus UK) Do you think that Wall Street traders and their ilk, hustling worldwide, are greedy and heartless predators? Not so, says Davis, a trader herself. Davis offers a more sanguine view in this brief, sometimes idiosyncratic survey of a mysterious business. It's a business that regulates "the prices of everything that touches our daily life," one that is being transformed by technology. Still, it's a calling founded simply on each player's personal reputation. Instant transactions aren't memorialized by written contracts; it's just a trader's word in the traders' world. Zillions are moved by a click on a computer screen or a fast phone call. Certainly there are the rare rogue traders, and Davis comments on some of them - like the lad who brought down venerable Barings, the bank that is the author's former London employer. In most of the disasters, the firms' managers had no idea what their traders were up to; the arbitrage practice had become too sophisticated for the bigwigs (not mentioned: the Salomon Treasury debacle, for which senior management took the fall). Certainly, the traders' trade is increasingly complex. Those on the sell side (the brokers who have made the historic amounts of compensation) and on the buy side (the institutional traders who are starting to earn major bucks, too) are more than ever reliant on computer programs and cybercommunication. Nevertheless, it still takes smarts and luck, as well as stamina (which is why youth rules), to win in what current events may yet show to be ultimately a zero-sum game. Davis sketches a brief history of the business and interviews several high-octane players to provide a picture before the current bear market, Women, having learned to cuss like the men, take their part. Here's "color" (the traders' term for background information) in the form of an inside view of a secret world. Oddly pertinent as the world's market-based economies are under siege. (Kirkus Reviews) Financial markets Finanzmarkt Kapitalmarkt Capital markets Stock market Börse Aktien Rohstoffe Geld Money Sprache englisch Masse 160 x 240 mm Wirtschaft Betriebswirtschaft Management Futures Optionen Trading Finanzierung ISBN-10 1-85788-152-4 / 1857881524 ISBN-13 978-1-85788-152-3 / 9781857881523 Börse Aktien Rohstoffe Geld Money Traders Daytrading CDF's Futures Optionen Terminmarkt Terminhandel FInanzmärkte CBOT NYMEX NYSE Financial markets Finanzmarkt Kapitalmarkt Capital markets Stock market Business Money Investing Popular Economics ISBN: 1857881524. Gewicht/weight: 2000 gr.

Keywords: This is the story of the rise to power of traders, their culture and their lifestyles. From George Soros to Nick Leeson, traders are a different breed. Some are visionaries, some legends, some have become post-modern statesmen while others are blackjack j