Product Review
As our economy evolves, private equity groups, hedge funds, and investment banks compete and cooperate in different ways.  Their recent innovations are reported and analyzed by the 3rd edition of David Stowell’s landmark book, which adds three new cases, significantly revisions of most chapters, and updated figures, tables, and exhibits. It captures the actual work that associates and vice presidents do, providing readers with templates for real transactions. Finally, it provides significantly more content about the ways liquidity is supplied in secondary markets, including an overview of high frequency trading/electronic market making, quantitative trading strategies, and the evolution of cash equities from open outcry pits to fully electronic central limit order books.
- Includes a new chapter on China to accompany nine heavily updated chapters
- Integrates three new cases with relevant chapters in the book to create real world applications of chapter teachings
- Employs spreadsheet models to enable readers to create analytical frameworks for considering choices, opportunities and risks described in the cases
