Goldman, Dresdner, the hedge fund and the barrier
Most of the comments have been positive. “The whole way the market conducts itself (around barriers) is a major issue. Nobody wants to have a formal code of conduct and to some extent the banks are holding a gun to their own heads,” one hedge fund salesman told the Weekly FiX.
A slightly different take came from a senior options trader, who witnessed what was going on. He said that the main problem is that nobody really knows what the rules are.
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