Well it would be incredibly simple to answer a decade ago. It would be a tosser with a red (mostly) jacket.
Now… Basically I trade derivatives, intra-day. To make money. I trade a few accounts, but they are all for my friends. It is very specialised. Back on the old floor (which I’ll also answer questions on) one needed certain skills. Now on the screen, one needs certain skills.
The overwhelming majority of what I trade are interest rate futures; that is to say futures on LIBOR/EURIBOR.
Anyone got any questions?
P.S. If anyone here impresses me enough and lives in London you can visit me at work, I don’t give a shit!
(to clarify above, skills then are very different to skills now; indeed at the points where they are most similar I won’t be talking about them… If I can take - and even provoke - a block swissy I’m not gonna tell you wankers about it)
But even so I think this is one of the most unusual jobs in existence and may interest some people.
I can easily tell people how to make free money, by trading front month STIRs in last few days before expiry. Although I can’t give financial advice, it’s all hypothetical.
95% of them have gone. Some of them have found other roles. For example, a gentleman I don’t wish to name too obviously, but he had quite a penis and enjoyed a bit of a lap of the sterling pit, is now probably the most popular squawker.
Primarily scalping outrights, but I will spread occasionally. Tends to be though that I’ll at least be legging one of either entry or exit.
dollars, t-bills, 10 year, but not so much as what we have here. The major instrument I watch is the bund.
Because it tends to pretty clear where the fix is coming in. For example (the 3 other major STIRS: Dollars, Bor, Swiss having expired on Monday) Short Sterling expires tomorrow, it was 6@7 all day… and obviously fixing extremely close to 7. So have been on the bid for a bit (long 6 overnight; not much, about 120 lots) And 8 offer but the majority are at 7, presumably because the risk is tiny.
(Although retards like Marley seem to be making me mostly an argue-er, for goodness sake. Why they prefer confrontation to information I do not know… I can only assume it’s because they like pressing buttons that save them the worry of contribution, but permit retribution. I was using a computer while he was a trust-fund tard with a 2-year old goatee in place of his chin, spilled upon honeysweetened porridge, what a sodder. Would you believe I got a warning a couple of moments ago? Ridiculous, but when it comes from Marley I can laugh at it
