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Old Apr 25th, 2012, 05:08 PM   #7
Martinghoul
 
 
Join Date: Jan 2009
Location: London
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Erm, no... There's quite a lot of information on this out there. DTCC and BIS, for one, collect a lot of the data on this mkt. Moreover, given the mkt is gravitating towards central clearing, the amount of available info is only likely to increase, as people like LCH and CME publish their data. The article is full of sh1t and so is ZH, who's been creaming himself over the large notional numbers involved for a very long time now.
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Old Apr 26th, 2012, 07:20 AM   #8
pythontrader
 
 
Join Date: Oct 2011
Posts: 130
Quote:
Quote from Martinghoul:

Erm, no... There's quite a lot of information on this out there. DTCC and BIS, for one, collect a lot of the data on this mkt. Moreover, given the mkt is gravitating towards central clearing, the amount of available info is only likely to increase, as people like LCH and CME publish their data. The article is full of sh1t and so is ZH, who's been creaming himself over the large notional numbers involved for a very long time now.
It is not about the amount of the info out there, it is about its accuracy and the fallacy that some people think they can analyse it properly. The smart people never assume they "know" something. They let the reality let them know instead.
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Old Apr 26th, 2012, 09:04 AM   #9
Martinghoul
 
 
Join Date: Jan 2009
Location: London
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Quote from pythontrader:
It is not about the amount of the info out there, it is about its accuracy and the fallacy that some people think they can analyse it properly. The smart people never assume they "know" something. They let the reality let them know instead.
I see... So what's reality telling us here?
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Old Apr 26th, 2012, 09:23 AM   #10
sle
 
 
Join Date: Apr 2003
Location: NYC
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I have talked about this for quite some time, this market seems to be a mystery, no one really knows how large it really is.
What is the measure of "large" here? You know, 10 inches is a very large size for a penis and a pretty small size for a vaulting pole. Are we talking notional numbers?

There is plenty of information out there, the clearing houses, BIS etc.
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Old Apr 26th, 2012, 10:10 AM   #11
pythontrader
 
 
Join Date: Oct 2011
Posts: 130
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I see... So what's reality telling us here?
It has told us already not be arrogant. With all that "info" being available the "smartest" pricks kept telling us something about the impossibility of the krisis a couple of years ago. Now the game just goes on. You seem to be a guy who reads and writes a lot. But by any means you do not seem to be a guy who observes and analyses the results thereof a lot. No offense intended. By the way your sarcastic response was in the cards.
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Old Apr 26th, 2012, 11:04 AM   #12
sle
 
 
Join Date: Apr 2003
Location: NYC
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It has told us already not be arrogant.
Nobody is being arrogant. A realistic analysis of the derivatives exposures can be found elsewhere and the issue has been discussed ad nauseum.

Notional size is the dumbest metric out there. For example, to get to 100k in dv01 of fed fund futures, you need approximatley 2,300 contracts which is 1.1 billion in notional. And these days, given how volatile fed funds are, 100k is a baby size. So a few guys hedging their forward funding would easily reach a trillion dollars.
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