DislikedYes. Deutsche would've been well within their rights to say so because even if GE had threatened to take their business elsewhere, it is very doubtful they would've found another Bank willing to quote for that amount during the SNB unpegging event. {quote} Yes. A corporate client is, more often than not, a hedger not a trader. It would've been irresponsible for a CFO of any large company to leave a large requirement or exposure open to the last minute (as a sudden 100 mio order would seem to be). Under normal market conditions, a large order would've...Ignored
DislikedPersonally I don't like to dwell on "would have" and "could have", and prefer to stay on focused on the present.Ignored
DislikedWell, as I mentioned before, I only dissed EURCHF traders. I respect retail traders who know when to stop making rookie mistakes. I respect that opinion. I just don't think you can prove that observation. Again, if you say so. I did not blame all retail traders. I just put down the EURCHF traders. Let's call a spade a spade. In actual fact, I "insulted" the EURCHF traders.Ignored
DislikedSince 2. "outside of market prices"? Who is the retail trader (or any single Bank trader for that matter) to decide what is really "market prices"? If the ONLY Bid in the market and the ONLY Offer in the market happen to be far away from each other, is the retail trader going to deny that THAT is the market price (however screwed up it may look)? Sounds naive to me.Ignored
DislikedI totally agree! But... where they're not stopping making markets, they're definitely widening bid/offer spreads.Ignored
DislikedInstitutions have a responsibility to shareholders not to make stupid bets. {quote} Sorry.. Bank traders' duty is to enhance shareholder equity first, and customer relationship is only somewhere down in the list of priorities.Ignored
DislikedThose LP's reap all the benefits when the market is going their way and yet when the market turns the tide, they were the first to run away and leave others to hold the bag.Ignored
DislikedYou assumed I qualified ALL retail traders as stupid, when in fact I only insulted a small subset of them. Honest mistake on your part. Btw, "retail traders don't matter" is not an insult in my book. It's plain fact.Ignored
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