REVIEW à HELPYOUANTIB.CO.UK Ø Kevin Rodgers
Why Arent They ShoutingOt FX from their VaR or who struggle to recall precisely how Monte Carlo pricing operates But it’s also an account of thirty years of seismic change that raises a deeply worrying uestion Could it be that the technology that has transformed banking – and that continues to do so – is actually making it ever unstab. This book explains the changing nature of banking jobs concepts and biggest scandals in the history of finance all with amazing ease It even tells you about the life of an MD the part about reading all the suspicious emails your subordinates send to each other flagged to you by Compliance I wish I had read this book at the start of my career in finance Could have saved me hours of scouring Investopedia and desperate Googling Lol
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FREE READ Í Why Arent They Shouting? ´ ❂ [EPUB] ✺ Why Arent They Shouting? By Kevin Rodgers ➛ – Helpyouantib.co.uk When Kevin Rodgers embarked on his career in finance dealing rooms were filled with clamouring traders and gesticulating salesmen Nearly three decades later the feverish bustle has gone and the loudes WheWhen Kevin Rodgers embarked on his career in finance dealing rooms were filled with clamouring traders and gesticulating salesmen Nearly three decades later the feverish bustle has gone and the loudest noise you’re likely to hear is Why Arent eBook #10003 the gentle tapping of keyboards Why Aren’t They Shouting is. Let’s skip the preliminaries Kevin’s book is the best I’ve read on many levels1 If my mom and dad ever need to know what I spent my youth doing on trading floors across Frankfurt London and New York this is now the best book in print finally eclipsing Michael Lewis’ original classic Liar’s Poker No buckets of guacamole here just the facts expertly and humorously but never condescendingly laid out2 If you want a sober primer on the history of all major financial screw ups from 1990 onward except maybe for the Internet bubble again this is the best in print because it’s perhaps the first time an active trader has discussed them all in one book “Why Aren’t they Shouting” brings the perspective that can only come with having had to deal with all of them personally the ERM crisis of 1992 the Emerging Markets LTCM crisis of 1997 98 and the financial crisis of 2008 093 If it’s the sundry scandals you want to understand about that’s covered too Kevin explains extremely well what happened with LIBOR and what happened with the FX fixings scandal and here we’re talking 100% “horse’s mouth” level of understanding as he was running the FX business for the #1 player Deutsche Bank when that scandal brokeAway from all that the book is MASSIVELY accessible You do not need to have studied finance to read it Small caveat I actually don’t have terribly much time for Kevin’s writing style He makes up for that with anecdotes from the trading floor that had me literally laughing by myself as I was reading the book Like for example when the cocky trader was asked to bid aggressively A total classicFinally there’s an attempt here at a general theme The big idea is that computers have acted as a catalyst for many of these crises because they have lubricated our slow march toward complexity which in turn has been found impossible to manage He even hazards a prediction that computers will succeed where many regulators have failed in enabling the disruption of the “too complex to fail” dinosaursMuch as I work in the algorithmic space I don’t totally buy this “big theme” but Kevin NOT a drummer for a top 40 act which he’d led us all to believe during his career but hey I can now follow his suggestion from page 4 and google it has packed this epigram to his career with so much solid judgement and wisdom there was actually no need for an over arching theme The attempt at providing one is a welcome bonus
Kevin Rodgers Ø 1 FREE READ
A very personal often wryly amusing chronicle of this silent revolution that takes us from the days of phone calls hand signals and alpha males to a world of microwave communications complex derivatives and computer geeks In addition it’s a masterclass in how modern banking works for those who don’t know their sp. The financial world has changed both for good and bad yet some of the character and colour has been ripped away with the breakneck rush to add technology into the mix This book gives a personal account of this revolution from somebody who had a senior role within explaining a bit about the financial world and some of its innermost secrets at the same timeThe author’s focus is on the foreign exchange FX side of the business because that was his speciality yet the automation issues eually apply in other sectors just as the general changes to the method and way of financial trading are eual throughout This is a book that can be different things to different readers yet it is far from being a technical nerdy or insularly boring read A curious generalist as well as a cynical market participant may both enjoy thisThere is a serious side to the book as well with the author wondering whether the explosive transformation that has occurred to the financial markets through technology could actually be endangering it especially if unchecked The author believes that the massive changes to the financial markets in the 1990s and 2000s may have strongly contributed to the 2008 crash since technology made the creation of ever complex financial instruments easy and high speed trading networks encouraged greater speculation It is not a rant filled book but it may plant a seed or two of thought in the minds of many For the rest it is just an eye opening humorous and engaging readThe author has done a great job in distilling a lot of often technical insider information into a form that the generalist can understand Occasionally it slips and a once open and flowing text becomes a little impenetrable and insular yet this does not overall spoil the book For those who like to read there is an extensive range of notes and sources at the end of the bookFor a really low price you get an impressive personally curated overview of the changes in financial markets in the past couple of decades a bit of market knowledge and some thoughts about how things are developing andor failing It makes for a fascinating important read about a subject you might not necessarily have thought you wanted to know aboutAutammecom