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And where would you get the vol surface to plug into the Black-Scholes model? Without the options data?

Keen's ( http://www.keens.com/). They've been around since 1885. If you go, get the mutton chop. It's fantastic (I must had it at least 10 times in the last 2 years). Wolfgang's is a good imitation of the famous Peter Luger, and you don't need to drag yourself to brooklyn (Wolfgang was...

Hahaha... 90% of ET's posts is basically on questions(d*) and (e+). 50% of ET'ers do not believe there are solutions these problems (wrong, of course). And this is only the first question of an actual interview test....haha If there's ever a place for EMG to chime in on small traders, it's...

I have doubts that you know what 'expectation' actually is.

Good point... the only thing I can think of are the little streets marked as 'Lanes' below houston.

That guy is either being funny or 20 years behind; Time sq is just about the safest place in nyc; stay below 96th st and east of 8th ave; Relax. Nothing bad will happen to you.

wtf are you talking about :) It's not the 90's anymore... time sq is GAINT lit up zoo of tourists at night; The only danger you'll face is find yourself stuck behind three groups of german families trying to take pictures

I trade for an institution. The view is from my living room. The financial district is.... residential now (surprise!). But seriously, see the exchange. But there's no much else to see. Office buildings are office buildings (though the Fed is kind of cool - very castle like - don't know if...

You can't go in yet. They are still building the thing. I've never been up the empire state building, but I see it out of my window... tell me when you plan to be up there and I'll take a picture with a timestamp or whatever. LGA to time sq... take the Q33 to the 7 train, and then take the...

Yeah. Use the subway. It makes everything super easy. But the advice about not forgetting the flat iron is correct; Go to Eatly, which is right there (across the street from that famous triangle building) - it's like a really upscale italian market; Get the Parmisan croissant stuffed with...

Where are you from (in general approximation)? That might dictate what you should and should not do. If you aren't from the west coast, then k-town should offer some cheap, good food; Pizzas are obviously mandatory - as are bagels. 13 miles sound about right. It's a pretty long walk... but...

I've seen those trades. I don't know about 'a lot', but I wasn't doing cash equity... so you might have seen more. The spreads are not easy to trade for IG, since there are so many other factors. Think the distressed guys were more heavily involved.

How many days? 3? You should walk to central park from time sq, loop around town around 77th or so, walk down 5th ave all the way to the tip of manhattan (through empire state, union sq, city hall, etc), loop around the southern tip at battery park, and walk up again through chelsea. It's...

Yeah... it's supposed to... except when it doesn't - and with credit, that's usually when really need things to be simple (credit event). Back in 2006/7 it looked like a recovery lock market was right around the corner, but no such luck. People have been trying to do CDS/equity type of trades...

I thought there was already a CDX IG index future (or was it iTraxx? I'm too lazed to look it up) at some point years back, but nobody cared. The thing is, banks WANT more trading in this stuff; It's just that the whole credit crisis business really dampened the enthusiasm for it. It's...

I'm really confused by your reply (which I assume was to me)? You (atticus) can't sign one. Except, in the literal sense that you go download a copy from somewhere and sign it yourself - which, without a counterpart signature, means exactly nothing. My whole point is that you need to sign...

No, ISDA governs documentation, collateral, and basically the whole trading process. And you aren't to become a 'subscriber'. You sign an ISDA agreement with EACH of your counterparties.

This coming from a man who writes hundreds of pages of complete nonsense.... You've made my day, old man.

I'm very partial to the lamb burger at the Breslin. Definitely worth michilan star

You got an ISDA with the counterparties?