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Codes of FinanceEngineering Derivatives in a Global Bank$
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Vincent Antonin Lépinay

Print publication date: 2011

Print ISBN-13: 9780691151502

Published to Princeton Scholarship Online: October 2017

DOI: 10.23943/princeton/9780691151502.001.0001

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A Day in a Trader’s Life

A Day in a Trader’s Life

Chapter:
(p.1) Prologue A Day in a Trader’s Life
Source:
Codes of Finance
Author(s):

Vincent Antonin Lépinay

Publisher:
Princeton University Press
DOI:10.23943/princeton/9780691151502.003.0001

Codes of Finance examines a bank to reveal how financial operators and financial products coexist. This coexistence is tense because the bank deals with innovative products that yield unexpected reactions on unevenly charted markets. Because the designs of the financial products introduced here is coextensive to the lives of traders, engineers, and salespeople, these innovations are major protagonists and need to be fleshed out. How can we describe a world that is a patchwork of individuals, machines, and products? A series of sharp definitions up front is tempting, but would miss the crucial uncertainty surrounding many of the latest innovations of finance. Understanding, defining, and controlling new products are indeed central concerns of the operators we are about to study. To introduce the reader to the concrete daily practices of these characters, I offer a snapshot of the typical day of the trader....

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