Trader Construction Kit is a comprehensive resource for undergraduate, MBA and Masters of Finance students interested in a career with a bank, hedge fund or financial institution and is a practical guide to developing the skills and techniques employed by professional traders, including:
- Fundamentally and technically analyzing a market.
- Assessing the volatility and risk characteristics of the market.
- Developing a view, an actionable perspective on the future of price.
- Evaluating directional, spread, option & quantitative trading strategies.
- Weighing the inherent risk and reward in potential positions.
- Efficiently executing trades and managing the resulting exposures.
- Pricing and hedging structured transactions.
Additional chapters describe how:
- The evolutionary state of a market shapes the activities of its inhabitants.
- The role of a trader varies at different types of financial institutions.
- A trader's personality forms an integral part of their approach to the market.
- To survive and thrive on a trading floor.
Trader Construction Kit contains a highly detailed case study that applies the lessons learned in each chapter, providing structure and creating continuity through the text. The updated second edition includes a new 23 page appendix introducing important concepts from data science & programmin