Undermoney (guest: Jay Newman)
The Market Huddle
00:00
Equity Derivative Trading
i was an institutional equity derivative trader in the nineis o. I tone early days were you'd call one bank and sayandbome. There was no cash to speak of in this business, it was all a swap meat of loans. Ad you can actually put a cash price on on on the assets. But but very, very thin. And just to youve a sense of how f the market was for how loose the controls were, a lemen perhaps.
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