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Learning From Market Tremors | Hari Krishnan
Forward Guidance
The Prime Brokerage Business Model
In the futures world, at least, forgetting options for a moment, you might put down five or 10% of the notional value of a contract in cash as margin. You would be foolish to go to a broker, any broker pretty much, and buy a contract whose notional value is $100 and put $75 into support the trade. So every good firm has a COO or a CEO who really knows how that business works,. Who knows what's going on behind the scenes.
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