Kevin Rodgers: Why Arent They Shouting?

Kevin Rodgers has written a masterpiece Not only does the book cover crucial revolutionary events that transformed the banking industry with respect to technology it also touches upon important concepts in risk management and derivatives This book is worth a read for anyone who wants to understand the impact of technology on the banking industry Another book about the financial crisis This one takes a slightly onger view than just the crash of 200708 and was written by a banker ie someone on the inside The surprisingly engaging writing makes it accessible to the Tennessee Takedown / Ravens Hollow likes of me who have a very tenuous and naive grasp on the world of financeKevin Rodgers started writing this book after retiring in 2014 and much of the book is a personal memoir of his time in banking His career started in foreign exchange FX at the beginning of the 1990s and coincidentally ran in tandem with the rise of computers in the industry At the start of his career computers mostly assisted with the back office side of transactions but nowadays computers have taken over the actual buying and This book explains the changing nature of banking jobs concepts and biggest scandals in the history of finance all with amazing ease It even tells you about theife of an MD the part about reading all the suspicious emails your subordinates send to each other flagged to you by Compliance I wish I had read this book at the start of my career in finance Could have saved me hours of scouring Investopedia and desperate Googling Lol Let s skip the preliminaries Kevin s book is the best I ve read on many evels1 If my mom and dad ever need to know what I spent my youth doing on trading floors across Frankfurt London and New York this is now the best book in print finally eclipsing Michael Lewis original classic Liar s Poker No buckets of guacamole here just the facts expertly and humorously but never condescendingly aid out2 If you want a sober primer on the history of all major financial screw ups from 1990 onward except maybe for the Internet bubble again this is the best in print because it s perhaps the first time an active trader has discussed them all in one book Why Aren t they Shouting brings the perspective that can only come with having had to deal with all of them personally the ERM crisis of 1992 the Emerging Markets LTCM crisis of 1997 98 and the financial crisis of 2008 093 If it s the sundry scandals you want to understand about that s covered too Kevin explains Really really Michaels Discovery (The Devaneys love it and appreciate how Rodgers describe ho every crisis in hi. When Kevin Rodgers embarked on his career in finance dealing rooms were filled with clamouring traders and gesticulating salesmen Nearly three decadesater the feverish bustle has gone and the Shotgun Wedding (Silhouette Yours Truly, loudest noise you’reikely to hear is the gentle tapping of keyboards Why Aren’t They Shouting is a very personal.

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Ut actually the fact there isn t makes it so much accessible for new joiners or those curious as to what trade floors are Life Changing Smiles like and how they evolved The financial world has changed both for good and bad yet some of the character and colour has been ripped away with the breakneck rush to add technology into the mix This book gives a personal account of this revolution from somebody who had a senior role within explaining a bit about the financial world and some of its innermost secrets at the same timeThe author s focus is on the foreign exchange FX side of the business because that was his speciality yet the automation issues eually apply in other sectors just as the general changes to the method and way of financial trading are eual throughout This is a book that can be different things to different readers yet it is far from being a technical nerdy or insularly boring read A curious generalist as well as a cynical market participant may both enjoy thisThere is a serious side to the book as well with the author wondering whether the explosive transformation that has occurred to the financial markets through technology could actually be endangering it especially if unchecked The author believes that the massive changes to the financial markets in the 1990s and 2000s may have strongly contributed to the 2008 crash since technology made the creation of ever complex financial instruments easy and high speed trading networks encouraged greater speculation It is not a rant filled book but it may plant a seed or two of thought in the minds of many For the rest it is just an eye opening humorous and engaging readThe author has done a great job in distilling aot of often technical insider information into a form that the generalist can understand Occasionally it slips and a once open and flowing text becomes a Innocent Sins (Harlequin Presents, little impenetrable and insular yet this does not overall spoil the book For those whoike to read there is an extensive range of notes and sources at the end of the bookFor a really Only a Whisper low price you get an impressive personally curated overview of the changes in financial markets in the past couple of decades a bit of market knowledge and some thoughts about how things are developing andor failing It makes for a fascinating important read about a subject you might not necessarily have thought you wanted to know aboutAutammecom A good readWell researched and argued if aittle dry Given the insane times I was hoping for something a ittle revealing There was certainly plenty of material at DB to make a good movie. M their VaR or who struggle to recall precisely how Monte Carlo pricing operates But it’s also an account of thirty years of seismic change that raises a deeply worrying uestion Could it be that the technology that has transformed banking – and that continues to do so – is actually making it ever unstable.

S tenure built If you wanna know how technology affecting money market or financial currency market you have to read it This book is an eual of The Big Short Michael Lewis in FX market The rise of the machinesI chose this book on Netgalley because I work in the industry and know that the norm on a trading floor is well no trading floor as most people would imagine it It s ike Silicone Valley than Wall StreetAuthor and FX Trader Kevin Rodgers delivers a witty observant memoir regaling a very Brooklyn's Song long career in FX trading in London The book begins in the heady days of ego bravado phone calls and shouting on a bustling trading floor and takes us to the future To the gentle tap tap tap of a keyboard under a set ofarge blinking screens It s an interesting read detailing the development of technology within banking along with snippets funny moments interviews anecdotes and Kevin s own predictions for the future as technology becomes KingAs technology moves faster than we can keep up with Why Aren t They Shouting gives an underlying sense of risky Skynet type shinanigans but were the old days really any better Why Aren t They Shouting is an acerbic account of a trader who was there before during and Men Are Like Waffles--Women Are Like Spaghetti Devotional Study Guide living after the change in the way bankers and traders work There areots of interviews and anecdotes from other people in the industry but this is definitely Kevin s tale to tellThe perfect commuter read for any Dad in the finance business for Fathers Day An engaging and insightful account of how advances in computing power in particular contributed to various financial crises Rodgers also offers a nuanced view of the Plain Jane The Hotshot libor and and wmr fixing scandals which condemns uneuivocally their common feature of collusion between banks but is the best explanation I have yet read of how the two scandals differ and why the issues are not as black and white as they are usually presented due to the illiuid nature of the interbankending market for Family of Her Dreams libor and the fact that executing a wmr fix necessarily involves trading in the market around the time of the fix We need experienced headsike Rodgers s in banking or else we are condemned to repeat the mistakes of the past but given the capital constraints and heightened regulation of banks now it seems Blackmailed Into the Italians Bed likely that the next crisis is brewing elsewhere Crypto anyone Paints a picture of the transition of trade floors from past to present and the key events along the way Full ofots of great anecdotesMy only criticism would be if have preferred a bit technical detail I work in the field Often wryly amusing chronicle of this silent revolution that takes us from the days of phone calls hand signals and alpha males to a world of microwave communications complex derivatives and computer geeks In addition it’s a masterclass in how modern banking works for those who don’t know their spot FX fro.

Kevin Rodgers was born in Huntsville Alabama on January 17 1972 He graduated from Winter Park High School in Winter Park FL in 1990 He obtained an Associate in Arts degree from Valencia Community College in Orlando FL in 1992 He graduated from Valencia's Criminal Justice Institute in Orlando in 2002Over the last two years several short stories such as Stargazers Paranoia and Claus