CHF mess

Turveyd · Jan 25, 2015

You do realise, for people to be able to get out, others have to get in, as no 1 was getting in, or very few then nobody could get out, that's pretty much trading 101, if you don't understand this then you really shouldn't be allowed to post on a forum.

Buy1Sell2 · Feb 4, 2015

volpunter said:
9259 posts and 8 likes (2 of which you earned on this post, one of which came from me) is sick ;-) But I liked the reminder of Hildebrandt's wife who afforded herself a nice shopping spree after she traded a boatload off the tip-off by her hubby pre-preg-announcement. Funny world.

You do realize that some of us who have been here a while have done most of our posting before there were "likes" on this board. Even a person of the meanest intelligence would recognize this.

Turveyd · Feb 4, 2015

Buy1Sell2 said:
You do realize that some of us who have been here a while have done most of our posting before there were "likes" on this board. Even a person of the meanest intelligence would recognize this.

EJ banned finally i see

had more likes than most per post, you get likes for funny stuff or agreeing with what someone else mistakenly thinks is correct, as most people are idiots, idiots get more likes.

68 likes for me, and its shot up recently must be being more of a dumb ass than usual.

Johno1 · Feb 4, 2015

Turveyd said:
EJ banned finally i see had more likes than most per post, you get likes for funny stuff or agreeing with what someone else mistakenly thinks is correct, as most people are idiots, idiots get more likes.

68 likes for me, and its shot up recently must be being more of a dumb ass than usual.

Hmmm, strange logic.
Cheers John

Turveyd · Feb 4, 2015

Johno1 said:
Hmmm, strange logic.
Cheers John

Sadly it's how humans work, it's not about being right, it's about justify what they think is right.

nomoremondays · Feb 4, 2015

Ghost_of_Blotto said:
A few years ago a bank systematically sold off the entire German bond complex with the intent to bust out independent traders who were competing with them in exchange listed bond futures which were matched with a pro-rata algorithm. The bank was fined but the busted locals weren't made whole. So objective achieved for the bank. Competition eliminated. Don't agree with it but might as well piss into the wind for all the good complaining is going to do.

Could you point towards any details of this. Don't think I recall it and would like to read up - tx.

Ghost_of_Blotto · Feb 6, 2015

nomoremondays said:
Could you point towards any details of this. Don't think I recall it and would like to read up - tx.

It was more than 10 years ago. Time flies in this business!
Here is the ruling from the regulator http://www.fsa.gov.uk/pubs/final/cgml_28jun05.pdf
On page 5, it quotes an internal email which cites "imposing a cost on competitors for providing liquidity" as a potential benefit of doing the trade.

nomoremondays · Feb 6, 2015

ah thanks. Had forgotten that.
http://www.ft.com/cms/s/2/144f84ca-31fd-11db-ab06-0000779e2340.html#axzz3QzOdEf72

fuzzler · Feb 6, 2015

I guess no one ever saw that one coming.