Playing the game

Markets, Economics and Speculation

Some very short treatises on my experience of trading my own account, and of working in the financial services industry. Here's my disclaimer: These date back to 1999 and may be entirely inappropriate for actually trading today, or trading at all. I can't take any responsibility for actions on these treatises.

They are always under development so I welcome comments.

FX and MM training


Competitive pricing theory

Time driven approach to futures trading

Why is the future path of interest rates so interesting to the markets?

On setting stops

On the inevitability of losses

The ACI Dealing Simulation Course

Coming soon... Business analysis of front office fixed income pricing, orders, dealing, positions and hedging.