hmmm...
- Thread starter johnarb
- Start date
This is intentionally misleading...the headline becomes way less interesting if it's "broker allows clients to access exchange traded products."
The headline implies all brokers endorse all the securities they provide access to, which is silly.
The headline implies all brokers endorse all the securities they provide access to, which is silly.
JP Dimon is a billionaire and the head of one of the most powerful banks in the whole world. He made statements that bitcoin is a fraud and that it will blow up and anyone who buys it is stupid. Why would he allow his firm to trade such an instrument?
The justification is because he will make lots of money he should be willing to give up his principles and beliefs and also to help the shareholders? Bitcoin just made him its biatch
The justification is because he will make lots of money he should be willing to give up his principles and beliefs and also to help the shareholders? Bitcoin just made him its biatch
Trading bitcoin is not against his principles or beliefs. Bitcoin is a threat to his 'golden goose'.
Yeahhhhhh. Right. Just as the turkey fattened for tomorrow thought.
"This farmer is my *bitch*!......"
"Those are my principles, and if you don't like them... well, I have others." - Groucho Marx
Because puts....
While I agree that JD is eating his words some what, a distinction needs to be made between what a broker dealer allows a client to TRANSACT and the firms (or it's CEO) OPINION on the underlying asset.
Simple example: BD has a sell rec on GE with a 17 target, if a clients still wants to get long after being made aware of the opinion, BD will execute the trade.
Edit..just re read thread....pretty much what Soon2be said earlier.
Simple example: BD has a sell rec on GE with a 17 target, if a clients still wants to get long after being made aware of the opinion, BD will execute the trade.
Edit..just re read thread....pretty much what Soon2be said earlier.
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