Savvy investors know that, while home may be where the heart is, it isn’t always where the best opportunities are to be found. Financial markets in today’s Global Village function with a degree of interconnectedness and integration undreamed of just a generation ago.
But as long as there are national borders, investing internationally will bring with it its own set of challenges. Trading on the Deutsche Borse is not the same as trading on the Bolsa de Comercio de Santiago, which is a world away from trading on the London Stock Exchange. Like the countries that host them, each has its unique customs, trading mechanisms, professional lingo, rules, and legal constraints.
This one-of-a-kind guide gets you up to speed with everything you need to know to navigate the world’s financial exchanges and OTC markets with confidence. From the basics of stocks and bonds to the workings of the major world depositories and clearing houses, from tax laws to mathematical arcana, Global Securities Markets provides concise, yet comprehensive coverage of all technical, financial, and legal facets of the global markets?in plain English. Other topics include margin, short selling, risk management, international compliance, anti-money laundering, managed accounts, and much more.
Global Securities Markets is also chock-full of Internet resources, contact information, “go-to” tables, addi-tional readings, and other valuable resources for finance professionals of every stripe.
And throughout, George Arnett enlivens coverage with fascinating historical insights and investment lore. For instance, did you know that the first stock exchanges were informal affairs that met in seventeenth-century London coffee houses? Or that before they were called “stock brokers,” professionals who executed orders on behalf of clients were known simply as “customers’ men”?
A complete Global Investing 101 course between the covers of one slim volume, Global Securities Markets is an indispensable tool of the trade for investors and finance professionals ready to take the plunge into the world of international investing.
Think globally, act globally, profit globally
“A comprehensive, reliable, and well wrapped reference about the global capital markets and a gateway to the world of financial markets for students, investors, and professionals.” ?Fadi Abdulhadi Vice President, NBK Capital, Kuwait
“Essential literature for both newcomers and connoisseurs from one of the most influential and knowledgeable professionals in the global financial environment. Abrazos!” ?Anna CohenDirector, Grupo Cohen Financial Services, Buenos Aires, Argentina
“A great tool and valuable reference guide for anyone seeking to engage in business globally.” ?Raul Henriquez Chairman, Global Investor Services, Miami, Florida
About the Author
George W. Arnett III is Executive Vice President and General Counsel of HedgeMark Inter-national LLC, an affiliate of Pershing LLC. HedgeMark is a provider of risk analytics and a separately managed account platform for hedge fund investors. Prior to joining HedgeMark, Mr. Arnett was a Managing Director and Senior Managing Counsel for Pershing, a BNY Mellon Company, where he was responsible for legal oversight for international trading and operations, securities lending, domestic trading, Pershing Prime Services, Global Securities Services, Pershing Securities Limited (UK) and Pershing Managed Account Solutions. At Pershing, Mr. Arnett chaired its International Risk Committee, was a member of its Credit Committee and Pershing Ltd.’s Risk Committee, and served on BNY Mellon’s Emerging Markets Portfolio Management Committee.
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