....while i eat a big piece of humble pie (not that tasty)...cbot indeed.... i stand down.....
....my post was to respond to the question of the previous post...." Does it [FF futures contract] give any indication about interest rates? i...
....sorry to be pedantic but the fed funds futures contract by definition gives a future expectation of the daily weighted average Fed Funds...
by this logic it follows that if you practice the piano enough you can be as talented at mozart, etc.... steve46 - arrogance and ignorance are two...
just like most trading strategies which are labled with the same misused term, yc "arbitrage" is just taking a bet on what the shape of the term...
i tend to agree with the strategy you suggest but this kind of trade doesn't make for restfull sleep... also you may be right in the end but as...
that's a difficult question when it comes to swaps and other off-balance sheet instruments because the precise amount of capital being used is...
with some exceptions, most dealing rooms at banks and ibanks are the same, only with more people.... it's really disapoointing to see how rundown...
also, to address DONTS' point i understand the analogy (like the billionare japanese man who could just keep doulbling down on the rouletter wheel...
i'm not aware of the 20mm dollar woman, but i do know that fixed income prop traders who work for banks and i banks generally get 10% to 14% for...
i suspect that most prop traders are "successfull" because the nature of their compensation structure is so skewed in their favor, and the banks...
you're welcome - if you are interested in more details of the LTCM blowup there is a wonderful book called "When Genius Failed".... i think the...
ok i think this discussion is getting a bit muddled with respect to the profitability of prop traders and market making desks... there is a very...
well what you assert is easier said than done.... first of all having massive flow information loses its value quickly when you by definition have...
well its a very good question, and the margins of profit are shriking exponentiallyu for the very reason you state. however you have to remember...
i worked in this industry for 12 years.... they are not all ivy league or intellectual ivory-tower type, but the business is phenomenally complex...
yes - i believe the prop group did quite well - i was talking about the otc market making desk, which is an entirely separate biz... the prop...
yeah the otc interest rate options group got chopped to bits last year by the rel val hedge funds... -200mm is about the right figure, but when...
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