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  1. Z

    1/4% Tax on all stock trades pushed in NY Times today

    Yep, thats right. I am starting to beleive this proposed tax has more to do with reconsolidating institutional power in the market place. Why do you say IB has no way of implementing a swap/cfd business?
  2. Z

    Geithner Bailout Details

    Because usually theres a market for distressed assets, & in this case theres none. I guess what i am getting at is that the only model of a succesfull solution to a banking crisis similar to the one we have now, is that of the swedish govt after their banking crisis of the early 1990's...
  3. Z

    Geithner Bailout Details

    In the short term the banks have to be nationalised, restructured, and sold back to the private sector. It's just a form of bankrupcy, in the same way debt is restructured and assets sold off in a regular bankrupcy. The terms 'nationalisation' & 'socialism' are being misused i think.
  4. Z

    The Next Big Thing

    yes but you have to make/derive hydrogen and that takes energy. You can never get more energy out of the process than you use to get the hydrogen (and the other stuff). The only way you can get around that is to use non renewables ( wind, solar, hydro, oil, nuclear). No matter what anyone...
  5. Z

    The Next Big Thing

    i dont get how their getting around the 2nd law of thermodynamics. They need heat to start the process....they gotta get that from somewhere
  6. Z

    Pain & Pleasure

    I agree. Anyone with half a brain in this business knows desks get closed and teams get sacked. I mean it was only happening back in 2000 - 2003 for gods sake. It's one of the reasons you get paid well
  7. Z

    1/4% Tax on all stock trades pushed in NY Times today

    In fact, about 3 yrs back i was trading US stocks on swap. You can definately trade exactly the same way as you would the cash market
  8. Z

    1/4% Tax on all stock trades pushed in NY Times today

    no thats incorrect. some cfd providers ( only one i can think of ), quote you a spread to trade, so you have to take liquidity. however, I have traded cfd's through specialist cfd brokers, and through large investment banks, and seen full market depth, and traded stat models which provide...
  9. Z

    1/4% Tax on all stock trades pushed in NY Times today

    yeah i agree with you on the political environment thing, but theres not a chance in hell they will make market makers pay it. Someones gotta be exempt..and from there starts the swap business. In fact i would say theres a bunch of swap/cfd brokers already analysing the business
  10. Z

    1/4% Tax on all stock trades pushed in NY Times today

    I am not sure if anyone covered this in a previous reply as i don't have time to read all. What will happen is that instead of trading the stock, you will trade a swap with a broker who is exempt from the tax. The broker just swaps out all the related cash flows to you as the swap holder, and...
  11. Z

    native spreads on ICE

    oes anyone know how/if to get ICE native spreads up on IB TWS. Their help desk (which is shite in my humble opinion) says it can't be done, which i find rediculous since they are the most liquid products on the exchange. Anyone else had this issue?
  12. Z

    A Fiscal Crisis and the UK Suffers The Mother of All Bank Runs

    lets not forget, a large part of the reason for weakness in any non USD currency is liquidation of USD shorts.
  13. Z

    ICE Exchange listed calendars thru IB

    Has/does anyone trade ICE exchange listed calendars thru IB? They don't seem to have any reference to them in their contract listings. Thanks in advance
  14. Z

    Im going long on FannieMae FNM

    true, but this isn't panic selling. SPX implied vol and realised vol are nowhere near march levels. This is pretty orderly considering the FNM & FRE picture.
  15. Z

    Im going long on FannieMae FNM

    exactly. i'm fairly sure its just the bonds that have an implicit guarantee, not the stock...its the debt that the govt/taxpayer will bail out...not the stock
  16. Z

    Optimization vs Robustness

    a robust model is not sensitive to the assumptions you are making about the market/environment you are trying to model. Ask yourself the question: "If all my assumptions are wrong, hows the model going to hold up?" If your model has many parameters, which need to be tuned through...
  17. Z

    The Truth About Commodities, including Oil - Complete Speculation

    lets get a little balance into the debate from the cftc themselves http://www.cftc.gov/stellent/groups/public/@newsroom/documents/file/cftcfactsheet062308.pdf from the factsheet: "Traditional speculative positions (in this case, “speculators” minus the swaps dealers positions)...
  18. Z

    The Truth About Commodities, including Oil - Complete Speculation

    my guess is Michael Masters is short ...... Speculators aren't the reason for IRAN, IRAQ, chinese/indian demand, us bases protecting the AMBO pipeline etc etc.......neeed i go on and, if insto funds are the reason, then when/if they are forced to unwind (as every clueless member of...
  19. Z

    Oil Wars ...

    what a mob of freakin idiots. check out the link. Non-Exchange traded commodities ( i.e. no futures market, so mainly commercial interest) have rallied more than exchange listed products http://www.econbrowser.com/archives/2008/05/commodity_futur.html
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