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It's up to your clients, of course. You might have to do this on an account-by-acount basis. In any case, If you are trading cash (as in the actual equities), then yes your fx risk can be considerable and you might need to hedge out your exposure in the forwards market, or something along...

Are you sure becomeing "automated" would make you more attractive to institutional money? Automated trading is done for strategy reasons (e.g. if your strategy makes 100's of trades day it would be impractical for a human to do the trades manually). Automating a strategy for any other reason...

Reuters needs to hire either a fact-checker or a proofreader. FX Concepts is NOT the world's largest hedge fund. That honor goes to Bridgewater. Also...why is it so "insane", Mr. Taylor, for you to buy an apartment in Manhattan? You have more than enough money to do so, and that is exactly...

Unless you have family or close friends who are liquid enough to give you the 50k to start off with, you will have to approach outside investors or hf startup seeders and most likely give away a portion of your fund. Going rate is 1% ownership per $1MM in new money. Not sure how you would get...

You can google "poison put" to get more information on that. Yes, according to Bloomberg the coupon can change in the event of a credit event. I think that is what Bob meant by variable. As far as the relationship between coupon and yield, note that the bond is currently priced at 118...

Interesting thing about this issue is that it doesn't seem to be callable, but it does have a "poison put" provision subject to a ratings downgrade trigger. The coupon also steps up/down by 25bp for each ratings downgrade/upgrade below BBB- (capped at 2%). I kinda agree with Bob111...why would...

As I sit here waiting for the Fed, here are some numbers: TYZ0 (10 US Treasury future) TYX0C 125 (125 strike call option on said future) 9/20: TYZ0 = 124.40625, TYX0C = 0.81, IV = 7.357% 9/21: TYZ0 = 125.375, TYX0C = 1.19, IV = 6.794% On 9/20: Delta was worth about 0.42 options...

Hedging always incurs cost. Moreover, hedging with a different instrument (an option, for example) gives you a whole new set of risk parameters to worry about. This makes sense when you are trying to offset risk in a complex or generally less liquid position (for example, hedging a large...

Not usually. Different funds structure their compensation differently. Also, there might be an element of compensation leverage based on what the trader brings as a track record (e.g. normal payout might be around 10% of pnl, but a star trader works a deal to get paid 15%).

Your usage of "investment banking", "corporate finance" and "trading" indicate that you don't really understand the different functions within this business. Rather than explain them to you here, I will give you a set of alternatives. Once you find out a little bit more about these functions...

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Just sell some JGB futures.

The most obvious answer to your question is that when you are doing the hiring, you can ask for pretty much anything (25 year track record with 0 drawdowns, Sharpes of 300, whatever etc.). What (or who) you end up hiring is a completely different matter. My experience (limited in the...

You mentioned that prime brokers you approached are not interested in incubator funds such as yours. Actually, it's worse than that. The major players in the PB area are actively jettisoning established clients with even quite substantial AUMs and closing small individual accounts (like...

Let me be brutally honest with you. You are operating in this business without the slightest bit of necessary background in basic financial concepts. Seems like you have been posting here and on Wilmott for a few years now and yet you still are asking questions about stuff that a person who...

No, it does not make sense from strict interest rate perspective. But you have not asked yourself if Japan lowering it's short rate by 10bp actually makes any difference. There are other reasons why the Yen is strengthening. The answers are all over the Web and easy to find. Come on...

http://www.monex.com/prods/silver.html http://www.runtogold.com/how-to-buy-gold-or-silver/ http://news.silverseek.com/GoldIsMoney/1177183323.php http://www.how-to-buy-silver-safely.com/2009/06/buying-silver/ http://news.tradingcharts.com/futures/headlines/Silver.html...

Why don't you try reading the news on your Bloomberg that relates to silver?

Why don't you try approaching the principals of the brokerage firm you work at for some trading capital? The worst they can say is no. Couple of suggestions for pitch: 1. You can use the signals as talking points to your existing clients. If they like the system and decide to trade using...

First off, I think if you are really trading this account that is a good start to actually learning how markets work in real life. I think you should keep going. Now, just a few things, not to discourage you, but to get you straightened out on what's what and perhaps keep you from wasting time...