[Pdf Kindle] Why Arent They Shouting? AUTHOR Kevin Rodgers

Ed way Much of this development s described and The Creative Habit it makes fornteresting reading Whereas at the beginning humans made the decisions these days algorithms do The Rest of the Story it All the banks are pitchedn an arms race against each other for ever faster trading systemsThis development also means that the types of people who work n banking has changed In an nterview with the author I found elsewhere on the web he mentions the I am so clever that I don t need to understand what I am doing attitude Here s an anecdote that reveals somewhat regarding the relationship between he bankers and the it staff a senior colleague of mine banker staff A senior colleague of mine banker asked him IT manager whether his team could complete a piece of analysis by an nsanely tight deadline No came the reply Shocked silence IT people were normally a walkover Well I suppose we could come up with something by then he said at last at which my colleague s face brightened up for a moment but Lords of Life: A History of the Kings of Thailand it would be shit Happily his bluntness was matched by his competence and a refreshing disinclination to use jargon And another one about the new generation of whizz kids who entered the financial world We started to hire specialists to crunch data like the HFTs did and come up with better faster dealing algorithms These people many of them Russian were not like any FX professional any of us had ever seen One on his birthday sent out an email to everyonen the London FX team telling us we could have a slice of his cake f we could tell him the first derivative of X to the power of X I sighed to myself uizzes on calculus weren t really a great way to fit n with others on the trading floor But the feisty old spirit of FX wasn t uite dead yet Within minutes Paul a New Zealander and one of the remaining voice spot traders n London arrived at the birthday boy s desk with the correct answer I never knew you were a mathematician said the e trader I m not replied Paul bluntly n his Kiwi drawl I just looked t up on the Internet Now give me my cake He returned to his seat with some chocolate gateau to the sounds of laughter and applause The other area of risk that was growing unstoppable was the mergers and takeovers that lead to all the money n the world being managed by a smaller and smaller number of firms Banks pursued the supermarket model where they wanted to provide a one stop shop of financial services And how this ended we all know Everything started to collapse when one part of a risky business went bad This bit I found Simon Spatz: From Holocaust to Halifax, A Story of Survival and Success interesting as my personal experience was the opposite I found thatncreasingly one had to shop around for the best deal ranging from getting a credit card to arranging a mortgageIt A Life in Two Worlds is understandable that everything has become so complexn the financial ndustry that humans are no longer able to understand The Risks Being Taken risks being taken computers now also take care of risk management A weakness here s using the past to predict the future It might notAnd finally the author also focuses on the role of the regulators Who amongst us lesser mortals took any notice of the 1999 Gramm Leach Bliley Act that ended the separation of The Doré Illustrated Balzac Droll Stories investment and commercial banking broughtn by the Glass Seagall Act of 1933 The latter was a result of the 1929 stock market crash that heralded n the Great Depression Despite the financial crisis this blog by Michael Goldfarb notes that the regulators are still not really doing their jobI ve only highlighted a few of the points that stood out to me This book contains A book that I would recommend reading and then reflecting upon Don t worry about the alphabet soup of financial acronyms A glossary s provided at the backIt has not cleared the distasteful Tracks and Sign of Insects and Other Invertebrates: A Guide to North American Species impression that I formed during and after the 20078 banking crisis but I do now have a picture that the problems were not just caused by a bunch ofmmoral and greedy bankers It s complicated than that Kevin Rodgers has written a masterpiece Not only does bankers It s complicated than that Kevin Rodgers has written a masterpiece Not only does book cover crucial revolutionary events that transformed the banking Gwydion's Dawn industry with respect to technologyt also touches upon mportant concepts n risk management and derivatives This book Mj 12. Die Geheime Regierung is worth a read for anyone who wants to understand thempact of technology on the banking Strahlend In Purpur Und Goldd. Heilige Reich Von Konstantinopel industry. M their VaR or who struggle to recall precisely how Monte Carlo pricing operates Butt’s also an account of thirty years of seismic change that raises a deeply worrying uestion Could Sierra Wildflowers: Mt. Lassen to Kern Canyon it be that the technology that has transformed banking – and that continues to do so –s actually making t ever unstable. Why Arent They Shouting?

Kevin Rodgers ½ 8 Download

An engaging and Haunted Louisiana: The Most Haunted Houses in Louisiana insightful account of how advancesn computing power n particular contributed to various financial crises Rodgers also offers a nuanced view of power n particular contributed to various financial crises Rodgers also offers a nuanced view of libor and and wmr fixing scandals which condemns uneuivocally their common feature of collusion between banks but A Mistaken Match is the best explanation I have yet read of how the two scandals differ and why thessues are not as black and white as they are usually presented due to the Lodz illiuid nature of thenterbank lending market for libor and the fact that executing a wmr fix necessarily nvolves trading n the market around the time of the fix We need experienced heads like Rodgers s The Diminished in banking or else we are condemned to repeat the mistakes of the past but given the capital constraints and he The rise of the machinesI chose this book on Netgalley because I workn the ndustry and know that the norm on a trading floor s well no trading floor as most people would magine t It s like Silicone Valley than Wall StreetAuthor and FX Trader Kevin Rodgers delivers a witty observant memoir regaling a very long career Claimed by a Cowboy in FX tradingn London The book begins n the heady days of ego bravado phone calls and shouting on a bustling trading floor and takes us to the future To the gentle tap tap tap of a keyboard takes us to the future To the gentle tap tap tap of a keyboard a set of large blinking screens It s an nteresting read detailing the development of technology within banking along with snippets funny moments nterviews anecdotes and Kevin s own predictions for the future as technology becomes KingAs technology moves faster than we can keep up with Why Aren t They Shouting gives an underlying sense
of risky skynet 
risky Skynet shinanigans but were the old days really any better Why Aren t They Shouting s an acerbic account of a trader who was there before during and living after the change Claimed by Desire in the way bankers and traders work There are lots ofnterviews and anecdotes from other people Say Youll Remember Me in thendustry but this Accidental Bodyguard is definitely Kevin s tale to tellThe perfect commuter read for any Dadn the finance business for Fathers Day Really really love t and appreciate how Rodgers describe ho every crisis n his tenure built If you wanna know how technology affecting money market or financial currency market you have to read Mehr als das it This books an eual of The Big Short Michael Lewis The Accidental Cowboy (Angel Crossing, Arizona, in FX market Let s skip the preliminaries Kevin s books 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 Abby and the Bachelor Cop is now the best bookn 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 Eye to Eye is the bestn print because Accidentally Expecting it s perhaps the first time an active trader has discussed them alln 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 t 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 s MASSIVELY accessible You do not need to have studied finance to read t 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 dea s that computers have acted as a catalyst for many of these crises because they have lubricated our slow march toward complexity which n turn has been found Alaskan Nights impossible to manage He even hazards a prediction that computers will succeed where many regulators ha. When Kevin Rodgers embarked on his careern 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 s the gentle tapping of keyboards Why Aren’t They Shouting s a very personal. .

Ve failed n enabling the disruption of the too complex to fail dinosaursMuch as I work n the algorithmic space I don t totally buy this I work n the algorithmic space I don t totally buy this 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 t 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 Always Look Twice is a welcome bonus A good readWell researched and arguedf a little dry Given the All For You: Halfway There / Buckhorn Ever After / The One You Want / One Perfect Night insane times I was hoping for something a little revealing There was certainly plenty of material at DB to make a good movie 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 technologynto 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 Any Man Of Mine itsnnermost secrets at the same timeThe author s focus Annalee And The Lawman is on the foreign exchange FX side of the business because that was his speciality yet the automationssues eually apply The Apollonides Mistress Scandal in other sectors just as the general changes to the method and way of financial trading are eual throughout Thiss a book that can be different things to different readers yet t s far from being a technical nerdy or Anything For His Son insularly boring read A curious generalist as well as a cynical market participant may both enjoy thisTheres 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 Anticipation it especiallyf unchecked The author believes that the massive changes to the financial markets n the 1990s and 2000s may have strongly contributed to the 2008 crash since technology made the creation of ever complex financial nstruments easy and high speed trading networks encouraged greater speculation It s not a rant filled book but t may plant a seed or two of thought n the minds of many For the rest t Annie and the Outlaw is just an eye opening humorous and engaging readThe author has done a great jobn distilling a lot of often technical ANNIE AND THE PRINCE insidernformation The Single Dad's Redemption into a form that the generalist can understand Occasionallyt slips and a once open and flowing text becomes a little A Christmas Affair impenetrable andnsular yet this does not overall spoil the book For those who like to read there s an extensive range of notes and sources at the end of the bookFor a really low price you get an mpressive personally curated overview of the changes The Apple Orchard in financial marketsn 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 When Hitler Took Austria: A Memoir of Heroic Faith by the Chancellor's Son important read about a subject you might not necessarily have thought you wanted to know aboutAutammecom Paints a picture of the transition of trade floors from past to present and the key events along the way Full of lots of great anecdotesMy only cr This book explains the changing nature of banking jobs concepts and biggest scandalsn 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 each other flagged to you by Compliance I wish I had this book at the start of my career n finance Could have saved me hours of scouring Investopedia and desperate Googling Lol Another book about the financial crisis This one takes a slightly longer view than just the crash of 200708 and was written by a banker e someone on the nside The surprisingly engaging writing makes t accessible to the likes of me who have a very tenuous and naive grasp on the world of financeKevin Rodgers started writing this book after retiring n 2014 and much of the book s a personal memoir of his time n banking His career started n foreign exchange FX at the beginning of the 1990s and coincidentally ran n tandem with the rise of computers n the ndustry At the start of his career computers mostly assisted with the back office side of transactions but nowadays computers have taken over the actual buying and selling n an automat. 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 t’s a masterclass n how modern banking works for those who don’t know their spot FX fro. ,