Publisher's Synopsis
Have you ever wanted to know what an investment bank is? Have you ever wondered how the broker dealer fits into an investment bank and what it does? Have you ever wanted to know more about stocks and the products related to stocks that broker dealers offer to clients and why clients buy these products? If so this book is what you need. Written for the investing public, people new to the investment banking industry, as well as for those working in the industry; this book covers the following: - It opens with a general explanation of what investment banks are and what they do. - Then it covers the main business lines and how they are structured and how they relate to one another. - Using this background, we look at the work flow involved in making a typical equity trade. - Finally, we cover the main equity products offered by the broker dealer division of an investment bank in detail. This is the main focus of this book.
