After the Trade is Made: Processing Securities Transactions, Second Edition [Hardcover]

David M. Weiss (Author)

Book Description

ISBN-10: 0131776010 | ISBN-13: 978-0131776012 | Publication Date: October 26, 1993 | Edition: 2 Sub

Now completely updated, this classic guide to the mechanics of securities processing reflects the changes that have taken place in recent years as a result of new products, technological breakthroughs and the globalization of the securities industry.

Editorial Reviews

About the Author

David M. Weiss has been active in the brokerage industry for more than thirty-five years. Currently an independent consultant and lecturer, he was formerly the director of business, industry, and product training for a major international investment bank, vice president of new products for a primary marketplace, and chief operations officer of a broker dealer as well as holding other management positions.

--This text refers to an alternate Hardcover edition.

Product Details

• Hardcover: 512 pages
• Publisher: Prentice Hall Press; 2 Sub edition (October 26, 1993)
• Language: English
• ISBN-10: 0131776010
• ISBN-13: 978-0131776012
• Product Dimensions: 9 x 6.2 x 1.6 inches
• Shipping Weight: 2.4 pounds
• Average Customer Review: 4.2 out of 5 stars  See all reviews (17 customer reviews)
• Amazon Best Sellers Rank: #784,602 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

20 of 20 people found the following review helpful:

5.0 out of 5 stars Comprehensive intro to back office operations, April 28, 2000

By 

Christopher Tune (No. Hollywood, CA USA) - See all my reviews
(REAL NAME)   

This review is from: After the Trade is Made: Processing Securities Transactions, Second Edition (Hardcover)

Publisher New York Institute of Finance (former training arm of the NYSE) has another hit book here! This book steps you through a fictional stockbrokerage firm: "Stone, Forrest & Rivers" and leaves no department out except the one we know so well: Sales.

You find out about the business of the Purchase & Sales department, Margin Department, Reorg Dept. and several others. This is the easy way for a newcomer to the securities industry to find out how the firm actually runs.

When I was a student at NASD "Phase" classes--training designed to get new examiners (the NASD is the largest regulator of the securities industry, with more examiners than even the US SEC) up to speed quickly on the working details of the stock brokerage and investment banking industry--I noticed an earlier edition of this book in the bookshelf in the classroom. I asked about it because another, veteran examiner told me to get the book. The training instructor said "There is no other book like it. . ." "It is the best there is for covering the entire operations of the back office of a stockbroker".

It is no wonder this book is a hit with Lehman Bros. or with CPA firm Deloitte & Touche (they need to audit stockbrokerage firms). If you are only investing, you don't need this book, but if you are charged with running a broker-dealer or auditing it, then this is the book to get you up to speed quickly!

43 of 48 people found the following review helpful:

5.0 out of 5 stars Incredibly boring, incredibly useful, May 17, 2000

By 

Jussi Bjorling - See all my reviews

This review is from: After the Trade is Made: Processing Securities Transactions, Second Edition (Hardcover)

Consider yourself warned: this book is really, really boring. Astonishingly so. I do this stuff for a living, and it still put me to sleep.

The reason it is so dull, however, is that it explains securities processing with great clarity and precision, without any mistakes or digressions. It is slightly outdated, so if the advances of the last seven years are very important to you (they won't be, to most people--the back office doesn't change as quickly as one would think), get Michael Reddy's book "Securities Operations" instead.

24 of 28 people found the following review helpful:

1.0 out of 5 stars Outdated and short on facts., April 30, 1999

By 

[e-mail] (London) - See all my reviews

This review is from: After the Trade is Made: Processing Securities Transactions, Second Edition (Hardcover)

This book seems to be highly overrated. It deals with the long-gone days of paper processing in the securities industry with scant reference to computer technology.

It is also short on the detail that you would expect from someone that understood the subject in depth.

If you know of a book that covers this industry both currently and including its essential technology I would like to hear from you.