Its the book you wish you had when you were just starting your career on
the trading floor.
Its the book that provides a comprehensive real world P&L based foundation.
Its the first book in the Series that really is a "manual" for
real world trading.
Think of this book as
"two books": PART I and PART II.
PART I: this is the Market Basics
components of this book (Chapters 2 through 5) reviewing the business,
strategies, culture, and other big picture aspects of trading and
management of trading.
PART I is available as a stand alone
you are already a registered owner of a TG2
RM 1st PART I Only edition
, then you are entitled to a discount** off of the purchase price of the
full TG2 RM 1st PART I and PART II
PART II: consists of Chapters 6 through 12
highlighting key components of valuations, risk measurement, and position
keeping/risk management and providing the first level of quantitative
tools and machinery.
Much of the professional trader's
function these days involves dynamic position keeping (especially for
portfolios and products with non-linear position values and business
involving complex products or modern arbitrage). For this reason, there
is, in addition to broad coverage of methods, special emphasis on trading
with dynamic strategies and synthetic replication.
Practical solution of problems
requires matching the right tools with your "needs" . Here, "needs" is the quantification of derivatives and
securities valuation, and risk assessment, with the primary goal of
maximising risk-adjusted returns. The tools are mathematics, finance, and
economics, with the single biggest issue being that of tools to assess
"humans ". This means some reliance on psychology, but much more
reliance on experience with the idiosyncrasies of each specific market.
To provide such tools, the technical
Sections of this book are only a cursory introduction to important
methods. However, the Chapters in this book are "supported" by
the books in this Series, each of which provides much greater detail.
The tools for dealing with
"human nature" are bit trickier. There is a strong effort
through this book, and the Series, to include details of these
idiosyncrasies. Often, the expressions "real world" or
"reality impact" are used to refer to such idiosyncrasies.
TG2 RM 1st Table of Contents
from the TG2 RM 1st Book
TG2 RM 1st Subject Index or see the
(nicer) PDF version
TG2 RM 1st Accompanying Software
TG2 Series listing.
Don't forget, some
are included with ARTWare
software, and ARTSchool Seminars,
so be sure to contact us for specials, bundles, etc.
at the ARTShop
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See the entire TG2
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
Some discounts may not be taken in conjunction with other discounts