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Thanks GAT. Doing nothing is harder than backfitting in extremis but as you say, it's probably the right thing to do. Interesting what you say on the options strats. Speaking to various market participants over the past 6 months, it seems there is definitely an emerging sector of the systematic...

Hi GAT, New to this thread but have caught up on all 53 pages, in addition to reading your fantastic book and following your very informative blog. Thank you for all your intellectual generosity. I work within the fund industry and it seems bizarre to me that someone hasn't tried to lift you...