Banned by Elite Trader

[Technically Fundamental]

this could take a while

6 minutes it took

 

[gooseman]

not sure you quite understand. not taking the p1ss but just saying it's like asking how long is a piece of string.

 

[Technically Fundamental]

Oh sorry.

I see what you're saying now. You'd have to explain the whole structure to me. Never mind. I've already bled enough info out of you guys

 

[gooseman]

understand the different accounts in the market. pension funds/hedge funds/bank prop desks (not many of those bad boys)/bank flow desks/bank treasury desks. all have different functions and funding.

 

[Technically Fundamental]

I don't have a blind clue where to find information on real world day to day activities of these different institutions. it's quite hard to gain an understanding of what's what from the outside. Aren't a growing number corporations setting up prop desks now too? I think I read an article on it somewhere :-S

 

[GammaJammer]

Well can do stats but they won't tell you all that much - and there are various measures of size even within what Ive done...

largest trade I've ever done in one hit (in absolute terms) - around $1.7 bln or thereabouts.

Largest price I've had to make as a market maker, on a risk transfer basis, around $200m or thereabouts.

Largest trade I've ever done (as percentage of average day's market volume) - ard 500% (in an obscure currency and it took basically three days to get out of the position). Not large at all in absolute terms, but still meaningful.

Most volume I've executed in any one day - no idea but probably around the $ 8 bln mark but that really is a meaningless stat as there would have been a ton of swaps in there for a start.

Biggest f**k up trade - as directional pointed out I did have a large out trade one day a few years ago when I hit the wrong side of the price in cable and bought rather than sold £50m, making me effectively accidentally long £100m or around $170m at the time (and yes, my voice did go up an octave when I had to shout over to the chief dealer that I had had a little bit of a whoopsy, Frank Spencer style).

But none of this tells you the first thing about whether I'm actually any good or not, what trades made money, even WHY and WHEN I made those trades (they weren't all prop positions for a bloody start). All it tells you is I'm a wholesale trader and I've been round the block a couple of times.

Fwiw there's plenty of better traders out there than me, and I'm sure there's plenty of em on this site too. The size becomes less meaningful the longer you do it (most of the time)

GJ

 

[Technically Fundamental]

I just find all this stuff interesting. You must be a decent trader to still be employed anyway eh lol.

 

[GammaJammer]

Doesn't even guarantee that mate.........

 

[Technically Fundamental]

Who've you slept with?

 

[GammaJammer]

None of my ugly-@ss bosses that's for damn sure.

 

[Technically Fundamental]

 

[GammaJammer]

lol - although looking at some of your Yosser Hughes style posts I'm not sure if it's not the other way round.....

(in case you have no idea who Yosser Hughes was.....)

BBC - Cult - I Love 1982 - TV

 

[Technically Fundamental]

en guarde...

 

[GammaJammer]

Legend. And a hero to the working people of EC1, EC2, EC3 & EC4 in the 80s.

 

[Technically Fundamental]

Pity I missed the bus. Here's our version...

 

[GammaJammer]

rather different I think. One's a charicature of a 1980s builder, one's a real gangster and by the looks of it a nasty piece of work. No hero of mine dude - I'm basically a pacifist.