The Capital Markets: Evolution of the Financial Ecosystem - Hardcover

by Gary Strumeyer (Author), Sarah Swammy (Editor in Chief)

The Capital Markets: evolution of the financial ecosystem is the new standard providing practical text book style coverage of this dynamic market and its products.

Written by the former President of BNY Mellon Capital Markets, LLC for both financial professionals and novices, The Capital Markets provides a comprehensive macro view of the marketplace and how its products operate.

The subject matter offers an authoritative discussion of the fundamentals of both, the fixed income and equity markets, underwriting, securitizations, derivatives, currency among other products through the lens of leading industry practitioners. Key Learning Concepts

• Understand the impact of both global and domestic regulatory changes
• Learn about the products that holistically make up the capital markets
• Explore the components of the infrastructure that underpins these markets
• Examine the tools used for trading and managing risk
• Review new product innovations

Front Jacket

Economies and financial systems are constantly changing in small increments that lead to large transitions. Just as vast farmlands transformed into shopping malls by the 1950s, altering the way we buy products, online retailers once again changed that paradigm in the twenty-first century. The Great Recession only lasted two years, but the global economies are still dealing with the effects. The Capital Markets examines the deep and wide-reaching transition global capital markets are undergoing right now and looks at the possibilities of what's to come over the next several decades.

This first-of-its-kind guide to the global capital markets takes a macro view of the entire marketplace to analyze how financial products operated in the past and how they operate today. Under the editorial leadership of thought leaders from BNY Mellon Capital Markets, including capital markets expert and former president Gary Strumeyer, a diverse and highly knowledgeable collection of contributors share their expertise in such areas as fixed income and equity markets, underwriting, securitizations, derivatives, currencies, and much more. Professionals with decades of practice under their belts as well as individual investors can gain and reaffirm their understanding of market fundamentals and follow through to grasp the complex dynamics shaping the way those supplying capital are matched with those in need of capital. This authoritative book is a hands-on reference and includes:

• Discussion of how regulations will change both domestically and around the world
• Detailed examinations of the multitude of products in the capital markets and the underlying infrastructure
• Up-to-date reviews of the tools used for trading and managing risk, including the latest new product innovations

Prepare yourself for the unprecedented change taking place with the extraordinary perspectives in The Capital Markets.

Back Jacket

Economies and financial systems are constantly changing in small increments that lead to large transitions. Just as vast farmlands transformed into shopping malls by the 1950s, altering the way we buy products, online retailers once again changed that paradigm in the twenty-first century. The Great Recession only lasted two years, but the global economies are still dealing with the effects. The Capital Markets examines the deep and wide-reaching transition global capital markets are undergoing right now and looks at the possibilities of what's to come over the next several decades.

This first-of-its-kind guide to the global capital markets takes a macro view of the entire marketplace to analyze how financial products operated in the past and how they operate today. Under the editorial leadership of thought leaders from BNY Mellon Capital Markets, including capital markets expert and former president Gary Strumeyer, a diverse and highly knowledgeable collection of contributors share their expertise in such areas as fixed income and equity markets, underwriting, securitizations, derivatives, currencies, and much more. Professionals with decades of practice under their belts as well as individual investors can gain and reaffirm their understanding of market fundamentals and follow through to grasp the complex dynamics shaping the way those supplying capital are matched with those in need of capital. This authoritative book is a hands-on reference and includes:

• Discussion of how regulations will change both domestically and around the world
• Detailed examinations of the multitude of products in the capital markets and the underlying infrastructure
• Up-to-date reviews of the tools used for trading and managing risk, including the latest new product innovations

Prepare yourself for the unprecedented change taking place with the extraordinary perspectives in The Capital Markets.

Author Biography

GARY M. STRUMEYER is the former president of BNY Mellon Capital Markets, LLC. He is the author of Investing in Fixed Income Securities and Keys to Investing in Municipal Bonds. Gary is a former adjunct professor at NYU's School of Professional Studies.

SARAH SWAMMY is a managing director, business manager, and head of supervision for BNY Mellon Capital Markets. She is a member of BNY Mellon Capital Markets Board of Managers and serves as a member of New York Institute of Technology School of Management's executive council. Sarah is an adjunct instructor at NYU's School of Professional Studies.