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Markets vs Models - What's Your Favorite Expression?
Early in your career there was a lot of times you'd actually have to go into the pit and test new pricing models or options models. The us is a unique market, especially in terms of index options trading. Surpasses any other country in the world, b it australia, europe, asia. And people would come over from europe to trade on us,. Trading desks, and they were brilliant. I mean, absolutely brilliant. We saw this going into the financial crisis before knowing that like thi story ie told, lemanis list is significantly worse than most people realize.