E-Book, Englisch, 400 Seiten
Crabbe Metals Trading Handbook
1. Auflage 1998
ISBN: 978-1-84569-287-2
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark
A Market Companion for Users of the London Metal Exchange
E-Book, Englisch, 400 Seiten
ISBN: 978-1-84569-287-2
Verlag: Elsevier Science & Techn.
Format: PDF
Kopierschutz: 1 - PDF Watermark
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.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 is essential for those already involved in the metals business and also for the financial, investment and advisory community internationally. - Structure and workings of the exchange - Risk identification - Management and trading techniques
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.
