3min chapter

The Market Huddle cover image

Forced Patience (guests: Andy Constan, Paul Schulte)

The Market Huddle

CHAPTER

Managing Equity Derivatives in 97 and 98

The biggest thing that happened for me and the equity derivatives business at solomon was that we were bought by smith barney, ok. And then within six months, we merged with city group. We also joint, we also did a joint venture with niko securities in our japanese office,. to distribute equities, broadly, fixed income, everything, to the japanese retail. Also bought a couple of small businesses, one in australia, ad one in europe. So i ended up going from a trading oriented derivative business with very little client access to possibly the broadest access to clients that any firm could possibly have. But it also came with a many,

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