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BREXIT
- Thread starter oldnemesis
- Start date
CMEWho in the US clears euro denominated products?
This is correct... Apart from the more subtle benefits which Scotland receives (i.e. it provides lots of public services to the rest of the U.K.), it's a net recipient of subsidies and transfers. So is Northern Ireland.LOL. We (as in England) subsidize Scotland to the tune of £11 billion a year. If Scotland leaves the UK, they will have to make up the loss. We would be £11 billion a year better off. I have no idea how they (Scotland) will make up the loss. Perhaps they could join the EU and Germany could pay them! Well, unfortunately, the EU has pretty much said they don't want a scrounger like Scotland in the EU.
Paris? Come on! Firstly, La Defense is a terrible place. Secondly, do you really think that any "normal" investment bank can run a serious business, with thousands of people, given the Phrench employment laws? Frankfurt, in that regard, is even worse, in some ways.I was being sarcastic (and assume you are too), but I do agree that I given a choice I'd rather be in Paris then in London (let me add women to your list of improvements over London).
BTW. which years were you at Barcap in London? We might know each other...
You could argue that Tom Hayes was quite involved in the submissions process. Hence, he's now enjoying a lengthy spell in Nottingham prison.Since when were any derivatives traders involved in libror submissions? Just shows you have zero clue about this industry.
Please can you tell this to 50 year gilts? They've rallied nearly 50bps in a straight line and are breaking all records. It's making me very angry.Don't worry, the UK is gonna have to issue a lot of debt on the back of this turmoil, so all these people will get involved in Gilt trading.
But not in the US. They clear through there European partner.
CME
Ha, so now they are just expendable? Last week that was an impossibility to happen and now it does not matter anymore because they cost the UK? Wow I hope that is not your personal conviction, Martinghoul. I would find it quite disturbing. But then that is what most think about Brits at the moment. Whatever benefits them the most will be done. Completely unwilling to group play or compromise. Just why did the UK ever join any other groups or organizations? It's contradicting because on one hand Brits claimed they were a net payer in the EU (which is correct) and yet they must have perceived benefits that outweighed the costs but that thought must have changed over time. Must be immigration, stupid.
This is correct... Apart from the more subtle benefits which Scotland receives (i.e. it provides lots of public services to the rest of the U.K.), it's a net recipient of subsidies and transfers. So is Northern Ireland.
Why would you think so of Frankfurt? It's a small town but so is Zurich or Geneva
Well fortunately those banks can choose where they will relocate their staff to and they won't be bound by your opinions.
Well fortunately those banks can choose where they will relocate their staff to and they won't be bound by your opinions.
Paris? Come on! Firstly, La Defense is a terrible place. Secondly, do you really think that any "normal" investment bank can run a serious business, with thousands of people, given the Phrench employment laws? Frankfurt, in that regard, is even worse, in some ways.
Tom Hayes never traded anything more involved in regards to derivatives than swaps, certainly not caps, floors, or swaptions or exotics. At least not what I have heard. Please correct me if I am wrong as i would not bet the farm on this one.
You could argue that Tom Hayes was quite involved in the submissions process. Hence, he's now enjoying a lengthy spell in Nottingham prison.