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Are you sure you know how to use Bloomberg? I currently see 3.48 mio shares traded so far today right on the screen.

Actually, it's fine that the OP is going through this exercise of finding a "riskless" options trading strategy. If he/she sticks with the exercise sufficiently long they will hopefully understand how options work. The result will be that they will know why a riskless strategy is never...

If you are concerned about accurately trading at the settle price, why would you not also be concerned about accurately trading at VWAP?

Well, how does any business make money?

Think about who was on the other side of the trade. Hint: it wasn't Goldman Hint: would you buy a collection credit that had been specifically chosen as likely to default by one of the best credit traders in the business?

If these are options of commodity futures then why don't you just program the black model into a spreadsheet? The closed form solution, along with the formulas for the greeks, can be found anywhere on the web. It should take you no more than an hour to set up the first option calculation, and...

Hedge fund salaries are not as high as people on this forum think they are. For example, a senior director / partner at a hedge fund makes no more than $250k in salary. A less senior trader or analyst makes closer to $125k-$150k. However, these guys could easily take home multiples of those...

www.cbot.com

Working them out yourself is an pedagogical exercise since it won't help you make money directly. Your time is better spent on other aspects of the futures/cash dynamic. Here is a link to the CBOT/CME website that does the conversion factor calculation for you...

Closer to $1800 per month with no extra real-time data feeds. Each data feed from an exchange/broker costs extra (even if you don't have to pay directly for brokerage house data they won't give it to you unless you deal with them). No problem getting your monthly bill >$2500. Also, 2-year...

EURUSD GBPUSD AUDUSD NZDUSD all quoted the same USDJPY USDCHF USDCAD all quoted the same

EURDUSD is much easier: Let's say EURUSD = 1.3000. You want to buy EUR 1,000,000 worth of $. You now you own 1,000,000*1.3000 = $1,300,000. EURUSD goes to 1.4000. You decide to convert back to $. $1,000,000*1.4000 = $1,400,000 Great trade! You made $100,000.

FX is quoted as follows: USDJPY=100 This means that every $1 is equivalent to 100 Yen So, let's say you bought $1,000,000 of USDJPY at 100: $1,000,000*100 = JPY 100,000,000 You now own 1,000,000 Japanese Yen Now let's say the exchange rate goes to USDJPY = 105 and you want to...

Can only speak for the futures data. Good quality and accomodative customer service. Although they do some sort of filtering it would probably behoove you to do your own pre-processing so that your data ultimately satisfies your particular requirements.

If you are able to finance a cash position, go short a Treasury Bill or Note and long the corresponding 3M Eurodollar and/or 1M Libor contract(s).

http://www.optiontradingpedia.com/what_happens_to_options_during_bankruptcy.htm

1. Investment bankers don't program anything. First thing you need to do is understand the structure of Wall Street. 2. Don't ever fool yourself into thinking you are an expert in programming. There is an oversupply of CS/Physics/Engineering people out there who have actively programmed for...

Actually, becoming a broker may not be a bad idea. Now, most brokers are pretty much worthless in terms of value added beyond simple execution. Indeed, the reason electronic trading has taken off is because many of the younger people getting into the business realize that they can push their...

I'm not sure why you are doing this here but: 1. Hedging a metals position with currencies results in a very poor hedge. For example, for the past six months the correlation between gold futures and the GBP has been 0.44 (not terribly high). 2. If you insist on doing this hedge EUR might...

Inverted is correct. Also, desks within a bank (such as the Repo or Treasury desks) tend to do these trades because they have a natural advantage of not crossing bid/ask. They can get into a favorable basis level based on customer flow. And many times since the pnl they are looking to squeeze...