Although vanilla FX might have become the key pillar to build investment banking businesses, there are also more rinky dink products for those who want bigger thrills. Often, bigger thrills equates to bigger risk and bigger profits; at times, bigger thrills also equates to bigger spills, especially when marked-to-mid turns out to be more marked-to-myth, which is a phrase I’ve purloined off my credit colleagues at Euromoney.
I believe that the readership of this column is generally smart, and also highly cynical.
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