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Trade recommendation New Zealand Dollar Futures - risk free money
- Thread starter Nighthawk
- Start date
Investment banks structure financial products for clients every day that provide a benefit to the client and the bank as a counterparty, often taking advantage of regulatory or tax arbitrage or less ethically as the article explains, "smoothing" earnings. That's their business and it's news to no one except apparently you. It doesn't mean there's some leprechaun forest where you can set up risk-free forwards that you sprinkle with unicorn blood to magically make money for everyone.Now someone gets it. It isn't simply funds involved, banks own the regulators.
By the way....forwards weren't my speciality, clearly. But, I do trade currently and before on Tradeweb and other pools.
I know a few still on currency desks, save for the fact I don't trade that at all.
I do know for a fact they do that, and you won't ever read that on Bloomberg or FT.
To be fair, the fact that DoucheBank was able to get away with the sort of blatant skullduggery described in the article on such a grand scale was mildly newsworthy, IMHO.Investment banks structure financial products for clients every day that provide a benefit to the client and the bank as a counterparty, often taking advantage of regulatory or tax arbitrage or less ethically as the article explains, "smoothing" earnings. That's their business and it's news to no one except apparently you.
For sure, I found it an interesting read. My point was directed at DeltaRisk who seems to be, naive, shall we say?To be fair, the fact that DoucheBank was able to get away with the sort of blatant skullduggery described in the article on such a grand scale was mildly newsworthy, IMHO.