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I prefer the knives.....and the watches.

I've been hearing about PM for months now, but I can't find out much about what it really is or why I should give a #$@&! Has this change to PM really made a difference for anyone out there? And, at the risk of sounding foolish, what the heck is it? I've heard that it lets you trade more...

Like many people, I assumed that the crazy growth in the options business was coming to an end. I guess I was wrong. Those numbers from August are just insane! Where the hell is all of this volume coming from? This raises the ultimate question of what, if anything, can derail all of this...

Gotta love it! Buffet has slammed derivatives as the ultimate evil for years, but he's not above putting a few in his account when it serves his purposes. Classic!

Al's track record on this kind of thing is not exactly stellar. After all, the roots of this credit fiasco can be traced all the way back to the meltdown of LTCM in 1998. Once again we have hedge funds putting on large and complex derivatives positions that are impossible to unwind and...

This is what happens when you are an early adopter of an Apple product. They are widely-known in tech circles to screw over their most loyal fans with quick upgrades and price drops. Granted, this is an extreme price drop, but this is hardly unexpected. Did anyone really think Apple was...

Indeed. The terminators are coming....

I don't know if impressive is the right word. Scary would be a good choice. Bloated would be another.

Rise of the Machines Personally, I've never been as alarmist as some about the death of the trading floor. I've always thought that floor trading would eventually go the way of the do-do. In fact, I'm surprised that options and futures trading floors still exist. I suppose it just goes to...

Hedge Funds Raise Record $60 Billion in 1st Quarter So is this the top for the hedge fund market or what?

Absolutely!!!!!! I can't believe this is still an issue. In options, everyone can win or everyone can lose. There is no "either or" situation. There is no black and white, only many many shades of grey.

Thanks for the info. I'm always skeptical of trusts. Just look at the supposed "blind" trust that Senator Bill Frist used. He was directing the trading in the damn thing!!

It definitely can be a problem, especially if that other 30% consists of extremely complicated and highly leveraged positions. Didn't Deloitte just come out with a study that says most financial firms don't understand the risks of their derivatives positions? If that's the case, then the...

I think that's the point of the piece. It's somewhat alarming to have such an enormous market that is dominated by a handful of trading firms. Talk about market power!! In this oligopoly environment, how can any competing product survive? What chance do Eurex, CME or the CBOE have against...

:confused: What the heck does that have to do with the price of tea in China?

I like Sheridan's stuff. It seems to be aimed more at the general market, though, while Cottle's is aimed at sophisticated investors looking to execute elaborate options strategies.

Why would you want to direct your orders? Unless you are a large order flow provider who has an internalization deal with a DPM on a particular exchange, it doesn't make economic sense. Just let your broker route your order to the exchange posting the best price on the NBBO. It will save you...

Unfortunately, that's the only way they have to keep their channel alive these days. Ratings for CNBC went into the toilet after the meltdown in 2000 when the public grew tired of the stock market. The only way to lure back an apathetic public was to merge the financial news with entertainment...

That's pretty much what the article says as well. I perused through your posts, very interesting. But now everything has changed because we finally have some hard data from the Eurex launch. What's your opinion on this pending explosion of exchange-traded credit derivatives? Do you think...

I think you can draw a few interesting preliminary conclusions from the Eurex product, particularly because they went out of their way to mimic the index credit swaps available in the OTC market. However, even though they went that extra mile, and even though they've been working on these...