Trader Construction Kit

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 & programming.