Recent content by KnockoutCall

  1. K

    Prop Blowups, how common are they?

    I traded for a bulge-bracket firm on the sell-side. I'll never forget watching our fx traders taking a huge long in USD/JPY a day before LLoyd Bentsen uttered the infamous quote, "we favor a stronger yen" Yen rallied 200 pips I believe. They were long 800mil USD/YEN iirc. Not a blowup, but...
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