A Trader's Guide to ... The Series
Guide to ... Series (TG2 Book Series)
is the definitive reference set for market professional in trading, sales,
structuring, and risk management. The material covers everything
from the basic required for a trainee trader, to the most complex exotic structuring
and position keeping strategies, as well as the managerial issues required
to manage an operation.
The Series employs a unique style: All of the material is squarely
P&L oriented with very great detail of real world
effects and idiosyncrasies, and emphasis on outright as well risk-adjusted
performance. These books are not just another exercise in
theory, nor are they a "this is a future, and this is an option" type
books. This Series covers a lot of ground including:
Step-by-step details on how to
trade, and includes the many reasons why real world P&L will not
evolve as the theory predicts.
Many illustrations and reasons
why theoretical hedging and risk management will fail and how to adjust
them for reality impact.
How to sell and structure
products in real managed operations.
Many aspects required to
manage an operation covering operational risk, abuses, fraud, and
The books are written by senior
market professional each with at least 15-years of "in-the-trenches" expertise in trading, selling, structuring, and risk
management. The image below provides a schematic of the Entire
TG2 Series listing.
Current books in print:
A Trader's Guide To .. Read Me 1st: the
core book with all the basics. This book covers the basics of all
the important concepts and issues that front office staff face day
in/day out. As with all of the TG2Books series, all matters are
from the perspective of "running a business" with a strict P&L
A Trader's Guide To Quantitative Methods: Basic
Maths & Stats. Comprehensive reference covering almost
every mathematical methods/concept required for most matters on a
trading floor, from the perspective of traders, and front office staff
(rather than "quants").
A Trader's Guide To Quantitative Methods: Monte
Carlo Methods. Easily understandable explanation of building
MC valuation/Risk with example for vanilla options, exotic options,
term-structure models, plus illustration of "P&L based position/trading
A Trader's Guide To Bonds, Swaps, and IR
Instrument: Volume 1 - Products, Pricing Structuring.
This volume covers all the essential for IR securities and
The books follow the
"trading cycle" (for prop trading, investing, and market making):
Trade idea generation
Structuring and sales
Valuation, position keeping, and risk management
Position/Portfolio/P&L audit & business management
The majority of the books relate directly to
the usual asset classes (as shown in the "grey regions").
Those books are further divided between "product" oriented books
(pricing, selling, structuring, risk measurement), and "trading"
books (many step-by-step examples of the realities of position keeping
once a trade is "strapped on", and many example of why and how
trades are rebalance to anticipate or to react to real market
The books are accompanied by supporting "educational"
software, and there is also a wide range of commercial software, research,
and support materials.
Corporate Editions: ART also produces specialized
one-off books and monographs for customized client applications whether it
be for internal training purposes, to assist with marketing efforts, or with any
The TG2 Books Series
closely parallels the standard ARTSchool Seminars,
and copies of TG2 Books are included with the seminars as appropriate,
or they may purchased separately (see the
or contact ARTSchool@arbitrage-trading.com).
at the ARTShop
& includes software)
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Are you a training officer for your firm, or an instructor at an
educational institution? Then you may also wish to consider the ARTSchool Developer's
Kit: it comes with thousands of PowerPoint (r) slides in an easy to
use searchable database format. The slides are closely tide to the TG2
Books, and the package will permit presenters to prepare lectures
with minimal time and cost.