Ran Poor Service

1. Ransquawk (all 5 analysts) provides a service for traders. if this service is not acceptable or is of poor quality you have every right as a customer to complain or cancel the service.

Surely it would be better to listen to your customers than have them cancel?

2. If you do complain we will always listen. We have no god-given right to know what the market is thinking. However, we do have to make decisions about what to squawk and what not to. This is our job and it is what we are paid to do.

So announcing Jeramy Beadle is dead out weighs anything said by a central banker if you think its significant or not? Also how do you know if something said by a central banker is not signifcant to a trader or his/her position, surely you should cover yourselves by reading all the highlighted bloomberg headlines and not the sporadic examples you have been giving more and more of?

3. If we are wrong, we will apologise and we always have. We owe this to our customers. Mistakes rarely happen but you cannot stop them from ever happening. We feel a mistake only becomes an error when it is repeated.

But you have enough market experience to know your always right and the guy on the phone is wrong, don't you?

4. We will always talk to our customers and explain our course of action, even a mistake. However, if customers are abusive, either by email or telephone it will NOT be tolerated. We are professional and we expect our customers to be professional.

You do? I thought they could cancel if they had a suggestion you didnt like?

5. We do not trade. We are regulated by the FSA and face prison/fines if we try and manipulate the market. Any suggestion that we trade is libelous and we will take any and all action against someone who puts it into writing.

Seriously? does that mean you could face a libel case for market rumours you carry on your service? or litigation for disseminating copyright material prior to its designated release time?

6. The information on our website (www.ransquawk.com) is available free of charge. We are currently having the website overhauled and deciding whether to continue with any free of charge services. Sorry this has taken so long but this is why calendars/news have not been updated.

Must be hard to do this with 5 of you sitting around all day deciding what needs to be read out and on what channel, perhaps you should have a channel where you read out all highlighted headlines and another where you only read out those you think are relevant, now there is an idea to get a few bucks in the back pocket.

7. For all those who want to see for themselves whether we are any good, please take a free trial for the professional service(info@ransquawk.com) on the bonds/equities/fx or energy channels. If you think that we are worthless then that is your right. If you make money then that is your gain.

But make sure you sit watching your bloomberg and reuters so you can appraise the quality.

Thank you EliteTrader for allowing this posting.

Ranvir (MD Ransquawk)
 
Very quick on rumours'/street talk and good on trading colour, talking about the big flows from pension funds/lifers/Leveraged Money (Real Money account) that are moving the markets in futures, cash Govies and swaps. We talk about Govie supply and how it affects the mkts, have technicians putting out alerts on Technical levels. Our main customer base are cash/swaps/futures desks' at the banks' and brokers. 2 week free trial either on Bloomberg or on an UBS instant messenger platform. Contact david@brokertalk.co.uk or call 020 8879 1234. EXAMPLES >>>

06:43 ITC_Markets1 Good Morning---USTs continued to rally on Monday despite a decent performance for equities markets, as a large financial institution disclosed problems in its credit portfolio and credit continued to widen generally (iTraxx hit record highs at 557, this morning trades 556/559). The market opened softer in early NY trading, but it didn’t take long for prices to turn around as rumours about a financial firm started to bubble, and yields pushed back through last Thursday’s pre-bond auction levels. We heard much better buying y'day, and accounts' are starting to feel a little short. In the NY morning, we heard a number of accounts, both real money and mortgage-related, buying 5 year notes, but did hear some interest to sell 10 year notes and long bonds as the market rallied. 10yr yields fell all the way to 3.58% before finally selling back through 3.62%, and around those levels we heard a number of accounts in to buy 5s and 10s again, pulling the market off the lows. In Tokyo, USTs are lower as the street faded the early move higher. There's been 2 way flows from Japanese accounts in 2s and 10s, some 5yr buying of spd product. NIK/JGBs little changed. JGBs have seen PAYing in the front end and there was Domestic buying of gamma on belly tail rec'ers, in very decent size. EGBs should open slightly lower in line with USTs. There is supply today- Spain sells Eur b/m 10yr (Order book in excess of Eur8bn- books to close AM for pricing PM (+27/29)) and we get the tap of the Hellenic Republic 2024s (Order book currently at Eur2.5bn Px guide REVISED to FRTR 4.25% 2023 +40/43bps (from +36/40 bps))- to price somtime today. Much of the domestic focus will be on Germany's ZEW - expected to drop to -45.0 (sa) from -41.6 in January. Market direction will be dictated by supply and again by equities, especially in light of Monday's AIG headlines and the iTraxx hitting new record highs.
06:43 ITC_Markets1 Bunds to open around 117.21, Bobls at 111.455, Schatz at 105.00

08:41 ITC_Markets1 Bunds: some mention of a structured unwind again- credit getting pushed wider again and giving EGBs a bid. Also some talk about a good seller of US 2s into Schatz- will update. Remember, we mentioned y'day that one US bank has to re-do their correlation models this week Further out the curve, there's been better selling in cash on the screens- esp Spain across the curve on FT story. Lehman quote: iTraxx xover is widening again- we're now 565/570 vs 557 y'day

09:08 ITC_Markets1 Rumours that ING have eur 6-8 bn in writedowns. Fixed Income rallying now.

09:22 ITC_Markets1 Also rumours over HSBC and losses - sketchy info so far, but will update.
 
Brokertalk are good on finding <b>all</b> rumours but there are a lot of far fetched ones in there too, occasionally getting it the nick name "jokertalk." Overall a decent service
 
For anyone who even cares by now.

In defence of 'Fat RAN', he'll squawk 'Joker-Talk' for free (Whilst eating doughnuts).

Baitsee sounds like a monkey on a microphone

And just listening to CNBC will leave you a mintue or 2 behind the info curve.

'Trade the News' are not bad:D
 
Morning Recap: USTs continued to rally on Monday despite decent gains in equities, as AIG disclosed problems in its credit portfolio and credit continued to widen generally (iTraxx hit record highs at 557, this morning widened to 567 mid). In Tokyo, we resumed trading higher, but street was caught long, anticipating Japanese RM demand which failed to materialize, and the upmove was faded. We are slightly flatter and slightly higher in London. There has been some Japanese RM buying of 10yr SAS paper and Asian CB buyers’ of US 5yr. JGBs saw good PAYing in the front end and there was Domestic buying of gamma on belly tail rec'ers, in very decent size. EGBs opened higher, but supplt (Greece tap and Spanish 10yr (bund supply tomorrow)) weighed on Bunds early and Spanish bonds were sold across the curve on FT story (reliance on ECB). We stalled ahead of 117.00 as the rumour mill came back in to full swing with talk ING will write down Eur 6-8 bn, plus talk of large write-down losses at HSBC. Flows in the shorter-end have been mainly RM demand for 1 yr paper, good selling schatz rolls, some liquidations’ in Euribor steepeners’, buyers’ of Gilts vs Bunds after CPI yoy came in at 2.2% vs f/c 2.3%. ZEW did knock the mkt off the highs (rumour -50 out of FX was unreliable as usual) but Schatz remains underpinned by credit woes and talk of a bid-list/structure unwinds in CDS. The Spanish 10yr and Greek 15yr pricing this PM should weigh on Bund prices going into the pricings, but bounce once they’ve priced- while USTs may likely to see further gains /consolidation in the curve in the long-end of the curve, as distribution of the 30yr auction from last week brings’ a better tone in longs' as hedges are lifted. TAF auction today unlikely to affect prices. Mkt will continue to focus on Equities’/monolines’/credit/rumours’.>>>

USTs: In Tokyo, we resumed trading higher, but street was caught long, anticipating Japanese RM demand which failed to materialize, and the upmove was faded. We are slightly flatter and slightly higher in London. There has been some Japanese RM buying of 10yr SAS paper and Asian CB buyers’ of US 5yr.

US TIPS: experienced a subdued session that was once again dictated by the goings on in energy markets rather than in rate space. Front month crude pushed higher by 2% on geopolitical tensions and, per trading desks, a strong technical bid through the $92.70 level. Assuming 100% pass through of just the gasoline move into headline CPI, the mechanical adjustment to the BEI curve is approximately: +5bps in '09s, +2.5bps in '10s, +1.25bps in 12s, + 0.7bps in '18s and +0.4bps in '28s.

All else equal, we would expect some of this to reverse given the lack of fundamental drivers for the belly richening. Flows have been light with better RM selling in 20yrs and FM selling in 10s, offset by RM buying in 5s and 10s.

JGBs: JGBs saw good PAYing in the front end and there was Domestic buying of gamma on belly tail rec'ers, in very decent size

EGBs: EGBs opened higher, but supplt (Greece tap and Spanish 10yr (bund supply tomorrow)) weighed on Bunds early and Spanish bonds were sold across the curve on FT story (reliance on ECB). We stalled ahead of 117.00 as the rumour mill came back in to full swing with talk ING will write down Eur 6-8 bn, plus talk of large write-down losses at HSBC. Flows in the shorter-end have been mainly RM demand for 1 yr paper, good selling schatz rolls, some liquidations’ in euribor steepeners’, buyers’ of Gilts vs Bunds after CPI yoy came in at 2.2% vs f/c 2.3%. ZEW did knock the mkt off the highs (rumour -50 out of FX was unreliable as usual) but Schatz remains underpinned by credit woes and talk of a bid-list/structure unwinds in CDS. The Spanish 10yr and Greek 15yr pricing this PM should weigh on Bund prices going into the pricings, but bounce once they’ve priced

Issuance:
- Spain 10yr update: Book closes at 10.00GMT for pricing in PM. Expected Eur 5 bn. Spd fixed at +28 bps vs Bunds.
- Update on GGB tap: orderbook now close to 6 yards. Will go subject at 11.00GMT. Allocations and pricing this PM.

Since last Thursday's ECB meeting it seems we on the desk have seen Euribor liquidations (curve, outright, and upside) as a daily theme. Today looks no different with liquidations seen in 1yr steepeners a bit earlier and another round of upside sold out as paper sold 19k M8 96.50/75/00 call fly at 3.5 ---Since last Thursday paper has sold out around 80k of 96.50/75/00 call fly, all of which (safe to say) is liquidation >>

* GBP & EUR front end update
MPC Mar 5.19 This mornings CPI was 2.2% and lower than
MPC Apr 5.055 expected due to 1-off clothing prices
MPC May 4.93 effect. We think this was due to Jan sales
MPC Jun 4.80 prices more than anything else. Mar SONIA
still looks for about 30% chance of cut.
ECB Mar 3.96 ECB pricing appears aggressive to Dec08.
ECB Jun 3.54 Virtually 4 cuts are priced with 2 cuts by
ECB Sep 3.25 Jun which I think appears alot.
ECB Dec 3.01 I think paying Jun EONIA or selling ERM8
makes sense (DUM8 also is very expensive)


EUR SUPPLY: 10y Bund auction to be held on 13 Feb. A large amount of cash is being
released this week in the market on the back of the €14,000 million redemption of the Feb-08 Bobl. However, issuance from
the German, Italian and Spanish sovereigns will keep the net
issuance positive.


David@brokertalk.co.uk
 
If that's the guy operating out of Elite I have been hearing very good things about him. I believe he offers a free trial so it might be an idea to give him a look.
 
im surprised that all the profitable eurex traders who make a fortune do not simply go and do the following.

subscribe to bloomberg and reuters for your own news services and that way you are responsible for the news and information.

conclusion:

the fact that they wont spend a few thousand pounds a month on a decent news service would suggest they are running a mickey mouse outfit and their p/l floats around a couple of thousand pounds a month.

if you trade fixed income you need a bloomberg. simple.

pay up or shut up.
 
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