"Did you hear how badly our options desk's done..."
One of the first things I was taught when I joined the market was to always be careful about what I said in public.
...Talking of brokerage
Cantors versus Tullets
Careless talk costs jobs
Citi joins the FICC club
Bob Hope and no hope
After I wrote last week about RBS shutting down its FX prop trading desk, a couple of readers were swift to point out the irony in the timing of the decision. The desk’s closure came just before the majors finally broke free of the tight range that had constricted them for much of the last six months.
Whenever the market moves, many participants, analysts and observers scratch their heads and look for the reasons why.