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Market Mechanics
Paperback
Publisher: Independently Published
Published: Jun 9 2026
Pages: 246
Weight: 0.74
Height: 0.52 Width: 6.00 Depth: 9.00
Language: English
What actually happens inside a bank's markets division - from the moment a trade executes to the moment it settles?
Most finance textbooks teach theory. Most training programmes teach products. Nobody teaches the full operational picture: how trades move from execution through confirmation, clearing, and settlement; how collateral is managed; how OTC derivatives are documented, reported, and margined under EMIR; how risk is monitored in real time by middle office; and how the front, middle, and back office interact as one system.
Market Mechanics fills that gap.
Written by a former Director at Citigroup with 20+ years across capital markets at Citi, Barclays, Deutsche Bank, and Bank of America - and an MBA from London Business School - this is the plain-English guide to how a bank's markets business actually works.
What you will learn:
- The complete trade lifecycle - pre-trade through post-settlement
- How OTC derivatives are structured, confirmed, and cleared
- What central counterparties (CCPs) do and why they matter post-2008
- How EMIR and MiFID II shape daily operations
- Collateral management and the Uncleared Margin Rules (UMR)
- How market risk, credit risk, and operational risk are managed
- The roles of sales, trading, structuring, product control, and operations
Who this book is for:
Finance graduates joining markets businesses. Operations and middle office professionals building a full-picture understanding. Candidates preparing for markets and operations interviews. Anyone working in or around a bank who has always wanted to understand how the whole system fits together.
246 pages. 22 chapters. 75+ diagrams.
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