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Working the Street: What You Need to Know About Life on Wall Street - PDF
Working the Street: What You Need to Know About Life on Wall Street - PDF
نویسندگان: Erik Banks خلاصه: Книга Working the Street: What You Need to Know About Life on Wall Street Working the Street: What You Need to Know About Life on Wall StreetКниги Экономика Автор: Erik Banks Год издания: 2004 Формат: pdf Издат.:Palgrave Macmillan Страниц: 176 Размер: 1,5 Мб ISBN: 1403963770 Язык: Английский0 (голосов: 0) Оценка:Written by a former Managing Director at Merrill Lynch, Working the Street is the resource for readers hoping to build a successful career on Wall Street. It is not a "how-to" career book or a job guide. It doesn't tell the reader who to contact for a job or what classes to take to prepare for a career in banking, and it is not a book about the technical "nuts and bolts" of Wall Street. What this book does tell the reader is about some of the "ins and outs" of Wall Street; about how things really work in the banking world; about some of the speed bumps to watch out for and some of the "low hanging fruit" that is ripe for the picking, from getting in the door and developing positive habits, to getting a bonus and handling retirement. In order to really succeed, it is necessary to know as much as possible about how Wall Street really works. Working the Street goes a long way in providing exactly that.
Dark Pools: Off-Exchange Liquidity in an Era of High Frequency, Program, and Algorithmic Trading - Original PDF
Dark Pools: Off-Exchange Liquidity in an Era of High Frequency, Program, and Algorithmic Trading - Original PDF
نویسندگان: Erik Banks (auth.) خلاصه: Pricing and execution are essential ingredients of every financial product and market. In order to create a viable and enduring market, participants must derive some form of economic benefit, or interest will soon wane. Equally, for a transaction to be of use, it must actually be executed – it is pointless to submit orders that go unfilled or are rerouted so often that the speed advantages of the marketplace are lost. The same applies within the dark pool sector, where it is critical for clients to derive cost savings and venues to generate revenues, and for orders to be filled efficiently. In this chapter, we will explore several essential topics related to the pricing process, focusing on pricing costs and benefits, price discovery, price derivation, and dark pool pricing impact. This will be followed by some of the execution issues that are specific to the dark sector, including execution rates, fungibility, fragmentation, information leakage, and adverse selection/information asymmetries. We will build on these practical concepts in the next chapter, when we discuss the nature of trading strategies that are routinely used to exploit market opportunities.

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