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Are you shot for expressing dissenting views? Do you bribe your local friendly neighborhood cop regularly to not arrest you for something you haven't done? No? then shut the fuck up.

Oh.... bwolinsky, in another thread, you said "Anyway, I'm not a trader, but an RIA rep and the best trading strategist in this country."... Also, you are the first person I've ever known to actually say he's a CFA candidate as some sort of mark for ethics. Truely greaseball behavior -...

You are joking.... (unless you are talking about the institutional variety) fee-based RIA? You mean the guys who are paid a fuck-ton from the sponsors to distribute funds to retail buyers? They are the car salesmen of this business - greaseballs that even IB can barely stomach....

Why are *you* are on short term trading oriented website? Aren't you just Wallstreet sans the [prior] success and size?

Re-reading your post a few times, I don't think I misunderstood you. You claim that that final step A + B + C +D isn't done until the very last moment. I claim that that's wrong. There's no point in waiting and the statistical agencies would want to final error check the numbers. This isn't...

I think I might be misunderstanding what you are saying. My point is that that final step, A + B + C + D is performed ahead of time as soon as they arrive. There's no additional security from not taking that last step; and moreoever, you'd want to sanity check your numbers that way.

Do you really think that the various statistical agencies literally wait until the last minute to add and multiply a few lists of numbers together for "secrecy"? I'm fairly sure you have no idea what you are talking about. The key to these statistics is that they are difficult and time consuming...

This is quite possibly the stupidest thing I've read on ET all day - even worse than the original poster's question

Because it's damn expensive for me to go call up a 1000 possible counterparty to do this transaction; they are paid to match up buyers with sellers and allow me (as either) to be able to transact efficiently. As far as I'm concerned, that's a good reason for their piece. And don't be such a...

That's your own funding cost; It's not quoted to you. BUT: since you are always borrowing at a rate that's above the yield curve (sometimes by a whole lot), it's basically impossible for you to do an arb (since you can never borrow at the yield curve rate, since that's what the government...

No worries - I think it's on CFA I too; That pricing formula that's on CFA for FRA pricing - that's used by everyone. And since all the inputs are traded, it's guaranteed to have no possible arbitrage (again, unless someone really screwed up; I'm sure it happens, but not at all very often) - and...

What do you mean? I'm not sure I understand this statement

(1) why would it be publically available? (and seriously, who would actually bother writing it - it's like writing a program to buy at the bid and sell at the ask at the same time - it would never make a single trade), and (2), again, there's no automatic execution for this stuff.

Dude, this stuff is traded over the counter; You have to call up your counter party and get a quote for a size(for example), at which point he'd be an idiot not to run his FRA pricing to give you an arbitrage free price

Um... I actually do (feel free to quiz me on c#; back in the days I wrote my own CDS pricing before the banks made them available)... it's fairly easy to set up a monitoring program for covered int arb; the only problem, again, is that the pricing formula that the entire street uses preclude the...

Right away, boss... (seriously... don't be such a sore loser; there's no shame in no understanding how a particular trade works; to be willfully annoying about it is why you'll never get past entering data; now you go back to settling trades and sending confirms)

Are you dense? It doesn't exist because fair value pricing explicitly makes it impossible. Of course, there's some chance that someone screws up and for a tiny second, somewhere someone did a FRA that's off-fair-value (post t-costs). But this isn't what you said. You said that you'd kill for a...

Wait.... there isn't.... every FRA is priced against the spot rate and the forward curves of rates. FRA pricing formula makes it impossible for any arbitrage to exist (that is, the calculated Fair Value is arbitrage free). In order for there to be an actual arb, you need a dealer to seriously...

You.... are.... kidding.... right? What's stopping you from doing covered interest rate parity arb is ... a bloomberg? You do realize that FRAs are priced so there is not possible covered int rate parity arb? I got a blp here right now.... i'll quote you whatever you want and if you can show...