Welcome all Short Sterling Traders!!!

[TheBigDog]

I wanted to create a link for all Short Sterling Traders in order to keep everything in one place, rather than it be scattered everywhere.

Can I ask how everyone is finding Full ticks now we have had a few weeks of experience. Certainly better for us Locals :clap:

 

[Martinghoul]

It's a friggin' JOK! I don't wanna talk about it...

 

[arabianights]

I thought it was quite good fun today...

Full ticks miles better

My current place for best fun M9U9

 

[Martinghoul]

You're all bad people and should be ashamed of yourselves !

 

[TheBigDog]

Well of course this is why I drink myself into a stupor every night.

Any one using the new ISV Stellar?

 

[brucemole]

prefer the full tick, i think, but it has been quiet this month bar one or two days, only a couple of opportunities to get anything decent done each day.

gilts look to be where it's at

 

[arabianights]

Think out loud the gilt seems to be a thirty tick market if anyone wants to put size on... Might be worth looking into making a twenty tick spread . I'll investigate tomorrow.

 

[DC STOXX]

So what it sounds like to me is that basically sterling has gone back to being the piece of **** easy market it was in days gone by........apparently

 

[arabianights]

shhh don't tell anyone

 

[TheBigDog]

Its all kicking off now in z9h10 h10u10!!!

 

[arabianights]

 

[TheBigDog]

Anyone in M9/U9???


what a boring day, no one cares about 2M unemployed!

 

[Martinghoul]

With rates at 0 forever now, basically, I just don't see the point of playing with these things. It's all about FRA/SONIA and that is all about a bunch of nasty manipulators playing with the fixin's. FWIW, I think there's still some outright value in some reds and greens, but that's about it.

 

[Martinghoul]

This ain't working out, guys... Today was the third reverse auction where the BoE has paid either at or below mkt. I am feeling distinctly bearish gilt here.

And, this is beyond funny, somebody fat-fingered the offer to the BOE and sold them 13MM of 8T 17s at 220bps/30pts too cheap! I'll betcha that Merv will let the trades stand !

And the conclusion to the saga, the trade did get scratched and the guy was let off... That's Merv for ya, a proper gent, through and through...

 

[arabianights]

Anyone in M9/U9???

Yeah I dropped a few grand despite selling a few hundred at 8 earlier in the day, which I scratched due to worries that the **** buying it knew something about the minutes

Should be easy to trade now mind you, back to its previous range :clap:

 

[arabianights]

With rates at 0 forever now, basically, I just don't see the point of playing with these things. It's all about FRA/SONIA and that is all about a bunch of nasty manipulators playing with the fixin's. FWIW, I think there's still some outright value in some reds and greens, but that's about it.

I would argue that so long as the volume keeps up (and that is a big so) then we have some beautifully-mean-reverting-****-easy-to-trade-instruments, which is surely a good thing from the pov of a local... not exciting, not clever, but it keeps the money coming in

 

[Martinghoul]

I would argue that so long as the volume keeps up (and that is a big so) then we have some beautifully-mean-reverting-****-easy-to-trade-instruments, which is surely a good thing from the pov of a local... not exciting, not clever, but it keeps the money coming in

Cap'n, I wanna be a local like you... Can you set me up? Otherwise, pls feel free to redirect some of that money that's coming in to a bank account, the details of which I will happily provide !

 

[MrGecko]

Been a while since I ventured down this end of the curve, but...

a) I have a pocket money GEM9M0 long on trading the reversion; I am looking to reverse the possy around 0.4000 (maybe a bit ambitious, so watch out! )

b) OK, nowt to do w. Sterling, but surely the trade to make here is LIBOR vs EURIBOR (??!!)

thoughts?

 

[arabianights]

Euro Libor V Euribor?

Take a look at the tiny spread on that, how relatively volatile it is in % terms, and then stop thinking when drunk

 

[arabianights]

Should be easy to trade now mind you, back to its previous range :clap:

:clap::clap::clap::clap::clap::clap:

(edit: now for the gilt open!)