BREXIT

[conduit]

Your first point seems to be completely contradicted with most every investment bank putting up plans to move staff and even subsidiaries/headquarters to Central Europe should the UK trigger article 50. Most above Deutsche Bank for obvious reasons.

"they [Scotland] need to appreciate the economic realities of the UK as a union." What does that mean? Are you saying they need to pay back what they received from the union net-net, should they decide to join the EU? Lol, good luck with that.

Of course has the EU evolved over the years, so has the UK, Germany, and every other country/body. Please check again, this is not a point I brought up because it is clear to me. I had to correct another poster who claimed at the time the UK joined the EU it was a pure trade union and he suggested the UK was not aware of more than that and that only afterwards the EU turned its interest to becoming a federal union. History contradicts that claim.

Re Hayes, exactly what I said, glad we agree at least on that point. Another poster accused me of having been part of the libor rigging theme. I claimed I traded rates vol products, which is completely segregated from libor submissions. The two desks are not even close, at least not where I worked at.

You know first hand? So how did Deutsche Bank manage over decades before moving most of its business to London? How about SocGen and BNP? I know you know better...

Yes, so it's just a matter of having a European subsidiary. That's the point. Everyone will still be able to operate mostly out of London, if you have a token subsidiary somewhere in Europe.

Hmmm, you got it backwards. The UK is all about group play and compromise, quite heavily, definitely where Scotland and NI are concerned. Nobody is forcing Scotland to leave the UK. However, if they decided to do it, they need to appreciate the economic realities of the UK as a union. Since this topic is often brought up in the context of the UK leaving the EU, let's at least be consistent.

And yes, like others have said, it's a fact that the EU has evolved over the years. The citizens of the UK decided that the current EU is too much. I think other posters have mentioned this.

He traded the short end linear derivs, e.g. FRAs, swaps etc. Not vol.

No investment bank wants to be subject to German law. I know this first hand.

 

[conduit]

You did not ask about any options trades at all in your original post. Someone in another thread asked about trades post Brexit and I stated being short cable (via spot, forwards, options,...). That was when cable traded 1.34xx.

But concur this thread probably belongs in chit chat. Next time it would perhaps help to make clear what you try to achieve?

So we go on and on...and on and on and on.

I am amazed the monitors have allowed this thread to continue here in Options.

When I started the thread I was simply interested in looking at option trades that took advantage of the BREXIT. A goal long lost.

This constant bickering and nit-picking is really boring and I wish you people would find a different forum to exercise you little egos.

I can tell you that the net effect on me is to have a lot of sympathy for your families...if any.

MONITORS: this thread has nothing to do with options and should be moved.

 

[oldnemesis]

You did not ask about any options trades at all in your original post. Someone in another thread asked about trades post Brexit and I stated being short cable (via spot, forwards, options,...). That was when cable traded 1.34xx.

But concur this thread probably belongs in chit chat. Next time it would perhaps help to make clear what you try to achieve?

So conduit would question my posting quality.

YES...It's MY FAULT you are an asshole. Now get the F out of here.

 

[Martinghoul]

OKI, let's agree to disagree, conduit... I think on might be right that maybe we should use a different venue for this discussion.

 

[Visaria]

Can you answer a single question please?

Can u answer my question regarding farage's lies...as in specifically what they were?

 

[conduit]

No I simply state a fact. Did you talk about trades or options or anything the like in your first post?

So conduit would question my posting quality.

YES...It's MY FAULT you are an asshole. Now get the F out of here.

 

[conduit]

No I cannot to you specifically because you have no interest to argue with facts. What's the point exchanging thoughts with you if you can't stick to facts nor respect facts?

Can u answer my question regarding farage's lies...as in specifically what they were?

 

[endicottsteel]

So you are saying Luxemburg steals revenues through taxation of global companies but take no issue with the UK abetting tax fraud by global companies operating in the jurisdictions of the UK? Hilarious. Typical example of hypocracy

I am not saying UK has clean hands at all. What I am saying is that Luxembourg has very dirty hands and it is in plain sight for all to see. They are a corporate tax haven by any definition. They shelter multinational companies which would otherwise pay more tax in other EU states or global states. That sir is wealth transfer right under your nose whilst they argue for more of the same.

 

[endicottsteel]

Can you answer a single question please? Did the founding 6 member states agree on a joint use and development of nuclear power before or after the UK joined? Did the treaty of Rome occur before or after the UK joined? Because if before then there were plenty non trade related issues implemented on which all participating members agreed to cooperate on. Hence when the UK joined it was not a pure trade union.

Also Norway later opted out of membership and guess what happened to the EU. Did it implode? In the same way will the EU stomach the UK leaving. You can disagree with the principles of the EU and where it is heading but you can't falsify history and facts.

This is one of the dumbest arguments I have ever seen on ET. Look dude, even if there was a crumb of political union from outset does that mean that those who originally signed up can never leave because they 'knew what they were getting into'. Is that really the basis for your argument? Are you really saying the UK or any other country couldn't or shouldn't leave because we knew what we were getting into.

That is like saying you are not allowed to divorce a wife that from outset was a slim, kind 20 something that turned into a obese, bitter sloth that slept with the whole street.

I just bought my lunch in a popular food chain in central London. I counted 6 employees serving people all non-british (this doesn't offend me). If you cannot see why big business ad the banks wanted UK to remain then you are Stevie Wonder.

 

[endicottsteel]

First of all I have not seen any sizable trades beforehand (and I am very closely in touch with OTC cash order flow and options, traded),

that's right I forgot you have access to the order flow of central banks. douche.