The Complete Guide to Capital Markets for Quantitative Professionals

Description

The Complete Guide to Capital Markets for Quantitative Professionals is a comprehensive resource for readers with a background in science and technology who want to transfer their skills to the financial industry. It is written in a clear, conversational style and requires no prior knowledge of either finance or financial analytics. The book begins by discussing the operation of the financial industry and the business models of different types of Wall Street firms, as well as the job roles those with technical backgrounds can fill in those firms. Then it describes the mechanics of how these firms make money trading the main financial markets (focusing on fixed income, but also covering equity, options and derivatives markets), and highlights the ways in which quantitative professionals can participate in this money-making process. The second half focuses on the main areas of Wall Street technology and explains how financial models and systems are created, implemented, and used in real life. This is one of the few books that offers a review of relevant literature and Internet resources. Cover Contents Acknowledgments Introduction PART 1 The Financial Industry 1 Financial Markets 2 Market Participants 3 Financial Firms and Their People PART 2 Markets 4 Markets and the Economy 5 The U.S. Treasury Market 6 Equity Markets 7 Financial Futures 8 Interest-Rate Swaps 9 Options Markets 10 Mortgages and Agencies 11 Credit Markets PART 3 Technology Areas 12 Reference Data 13 Financial Analytics and Modeling 14 Market Data 15 Trading Systems 16 Risk Management 17 Research and Strategy PART 4 Technology Practices 18 Production Cycle 19 Development Cycle 20 Production Support and Problem Management Conclusions Recommended Reading Index