Bloomberg terminal?

[c*f(x)]

Hit BBXL <GO> and take a look how to pull historical/real time info into xls. Then you can manipulate the numbers any way you like. They are constantly coming out with new features, so now and then speak to your rep about what you are doing. Extremely helpful custy service.

 

[mizhael]

Quote from heech:

Yea, I already have a meeting scheduled with Bloomberg reps. But I really don't speak marketing-speak well, so wanted to get some practitioner feedback.

Anyone out there primarily trade volatility? Any other tools I might want to look at? Orc Software?

How about IB?

Does IB have the forward IV curve?

I have been using Bloomberg for long time but every time I want something a bit out of box, they always tell me they will create an enhancement request ticket and link my name to it...

 

[mizhael]

Quote from sjfan:

Thomson's new product..... what a misery product. I took a trial from them (I trade a decent amt of rates related stuff on bloomberg) and found it entirely unsatisfactory. I stopped logging on after about a day.

It's worth noting that if all you have is a bloomberg terminal but no relationship with brokers, you won't be getting any of those broker runs/axes/commentaries/etc that martingoul alluded to. Bloomberg is the fixed income industry standard provider of calculations, an execution platform, and a communication tool. It won't substitute relationships.

So in order to get relationship with brokers, you just have to trade thru the brokers?

 

[mizhael]

Quote from deltahedge:

So what exactly does ThomsonOne offer?

I'm more of a retail equity derivative kinda guy who is not exactly doing some esoteric vol strategy like selling ATM SPX straddles and buying SPX index component straddles cause there is a discrepancy in the correlation of the implied volatility between the two.

I have more of a multistrategy approach in my portfolio where I look to do some largely nondirectional condors, calendars, or flys on indices on a monthly basis in addition to structuring various spread and/or pure directional plays on some equities based on fundamental or technical analysis. Could ThomsonOne assist me at all in this regard (i.e. offer some decent ER) or is there nothing of value for me?

For those, IB suffices...

 

[mizhael]

Quote from heech:

Married with kids, I don't need a Ferrari unless it has room for two car seats and a stroller.

Keep the tips coming guys!

Any way to get to a "scanner" type functionality? I'd like to run statistics on any number of instruments and then feed the results into excel/table so I can filter for specific instruments.

Now let me dampen your initial excitement! :=)

BB is not open, and it's very hard to find a developer for BB API...

Any of your "scanner" and/or "statistics" type of thing will very likely hit their "enhancement request" queue and it's to the business manager's discretion whether they want to address your request or not. Therefore, the waiting time can be from a few months to a few years.

 

[sjfan]

No, you have to trade size thru those brokers. By size, I mean expectations of at least 100MM in volume (for fixed stuff) a month for each relationship. Up shot: that also means every thurs night is dinner at somewhere nice.

Quote from mizhael:

So in order to get relationship with brokers, you just have to trade thru the brokers?

 

[mizhael]

Quote from sjfan:

No, you have to trade size thru those brokers. By size, I mean expectations of at least 100MM in volume (for fixed stuff) a month for each relationship. Up shot: that also means every thurs night is dinner at somewhere nice.

Can a 10M fund get that kind of relationship?

Or how large size is the minimum for getting that kind of relationship?

 

[sjfan]

Maybe. But you'd probably need to be levered (not sure what kind of financing agreement you can get for 10MM). Certainly, 10MM worth of trades a month will get you a pat on the back and a shove to the back of the line. And I would think the ability to negotiate an ISDA for a $10MM fund is probably impossible at this point.

Unless you are properly institutional, those relationships are not open to you.

But on the other hand, why would you want one? It's a giant pain in the a*s.

Quote from mizhael:

Can a 10M fund get that kind of relationship?

Or how large size is the minimum for getting that kind of relationship?

 

[luisHK]

its cool, or you can lease a ferrari for 2k a month [/B]

where you can get it so cheap ?? what model ???

 

[ASusilovic]

Quote from mizhael:

Can a 10M fund get that kind of relationship?

Or how large size is the minimum for getting that kind of relationship?

You should also add what kind of asset class you mean when you are mentioning 10M. Forex, Equity, Derivatives (F&O), FI? Combined?