Recent content by sneo

getting paid on internship in front office + learning and absorbing what they have to offer = priceless. its pretty common for front office NOT to hire freshies as training them is a pain. i remember my internship back in one of the IBs, buying coffee/food and distributing news tearouts from...

a link would be helpful.

Couple of ways to do hedge that risk: 1. Sterling Libor Futures 2. Sterling FRA 3. Fixed/Float swap 4. option on Sterling Libor (the vanillas and the exotics) probably you would need to talk about pros and cons on each way and what are the needs of the firm/user/victim of the ST borrowing...

essentially, forex market makers merely use the BSM to convert the price of options (quoted in vols) to a price that they can input in terms of value (dollars and cents or the variants). Mostly, we will tweak the vol smile instead. The general rule is to keep it as simple as possible, not every...