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lujim on Sept 23, 2016 | parent | context | favorite | on: Ask HN: What are the must-read books about economi...

If you're looking for the nuts and bolts on how capital markets around the world work this book is hands down the best there is.

https://www.amazon.com/Complete-Quantitative-Professionals-M...

Equities, Futures, Rate Swaps, Options, Credit, Treasury, Corporate, Municipal, Mortgage and Agency Bonds. Then the technology that supports it all.

It is not only a fantastic high level view, but it get granular enough to explain things like how US Treasuries prices quoted in 32nds of a dollar or how fixed income securities are identified by something called a CUSIP or what a strike price is for an option. Granular enough to explain practical day to day concepts that would help you at your first job in a financial firm.

philipov on Sept 23, 2016 | [–]

This sounds like a great book. Does it cover Smart Order Routers as well?

lujim on Sept 23, 2016 | | [–]

It's been a while since I read it, but according to kindle search it deals with Smart Order Routers (SOR) at location 6941 (and a few other places)

henrik_w on Sept 23, 2016 | [–]

+1 - excellent book!

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