METAL TRADING HANDBOOK CRABBLE P. Księgarnia

Metals trading handbook

A market companion for users of the London Metal Exchange

Metals Trading Handbook, by Paddy Crabbe, offers an invaluable training manual and reference source for anyone working within the non ferrous metals industry or trading on the London Metal Exchange. At the core of its thorough analysis lies the principle that simple explanation and minimal jargon are invaluable to the practitioner.

Structure and workings of the exchange
Risk identification
Management and trading techniques
Strategies and instruments available to today's metals traders.
The crucial areas of internal control, accounting and regulation

Metals Trading Handbook offers positive advice and stimulation to those concerned with the pricing and delivery risks of non ferrous metals. It starts with simple fundamentals and moves onto more complex situations. Its central aim is to give the reader essential building blocks with which to develop a more proactive approach to solving everyday problems.

The text examines the way the LME operates, how prices are formed, the significance and timing of "official settlement" prices, how risk in the forward markets occurs and changes, how risk builds up, methods of recognition and hedging the exposure to priced metal, the impact on valuations (marking to market), profit and loss and cashflow.

This book will be essential for those already involved in the metals business and also for the financial, investment and advisory community internationally.

About the Author

Paddy Crabbe began his metals life as an LME clerk and progressed to dealing in the 'Ring'. Shortly after that he set up and ran a department trading in physical metals. during which time he created and managed many hedging programmes, which combined pricing on the LME, hedging, physical delivery metal on a CIF programme and delivered works basis and foreign exchange. During that time he taught many producers and consumers how to operate on the LME and delivered lectures about the LME in several countries.

Contents

Part I: The LME today

Background, recent history and developments

Roles clientele and other uses of LME

Market-place and daily routine

Forward structure of delivery methods

Part II: Risk identification, market instruments and uses

Risk identification: Analysis of a market book

Pricing in physical contracts

Basic elements of hedging

Practical hedging

Options

Part III: Management, regulation and control

Organisation and management

Brokers: Management, trading and office staff

Regulation, regulators and control

Matching and clearing systems

Internal control, systems and accounting

Appendices
Glossary
Index

460 pages

Po otrzymaniu zamówienia poinformujemy,
czy wybrany tytuł polskojęzyczny lub anglojęzyczny jest aktualnie na półce księgarni.