My point is that hedging and insurance can be a very grey area. The main difference with insurance is that CDS is a derivative of a financial...
That means that a whole host of derivatives can be considered insurance. I buy a put to protect me on the downside to my stock. I enter into a...
There seems to be a lot of questions on CDS and some mis information. First they are swaps in the traditional sense that it is an exchange of...
I trade at a HF so I don't trade through the interdealer market. Most trades go through our PB except for some counterparties that we have ISDA's...
Maybe this example helps: Here's a typical example from both the buyside and the sellside: I do my credit analysis and I think its a crap...
Agreed. What do u think about these markets? Broken?
Hi sjfan, Good to see another credit guy here. But I have to disagree with you on the above point that when you are long a CDS contract you...
uptick rule didn't prevent the last bear market and this naked shorting thing won't stop this one. Big HF's can and do use TRS and other...
Bloombergs BTST function is a joke
Not too much change overall. Should have waited another day to get out of wheat it looks like. Took profits in FNM but looking to reset shorts...
The next move will be a cut. I think the market is completely wrong pricing in a 45% chance of hike by Oct. The Fed's hands will be tied by the...
I've never been more bearish but trying to keep agnostic about actual trades and following the program. Account dipped to just over 100k but...
HBOS rights issue that failed miserably and left Dresdner and Morgan Stanley holding nearly $5bn in stock very conveniently has a buyout rumor...
Tempted to get long, but i have a decent size wheat position here already. If corn rallies, wheat should do as well so I might as well keep it as is.
I'm tempted to switch my longs in Wheat into Corn here. I left so much on the table.
I'll start by saying that there's nothing more miserable than knowing I won't be getting any bonus at the end of the year even if I am the only...
I thought I'd start a journal to try and accomplish a few things: 1. Vent my daily frustrations with work and markets 2. Voice my views...
Ah got ya, thanks.
Whats your point?
Much of the industry does operate by smoothing returns through private investments etc. And if all investors submitted withdraw requests at the...
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