Thursday, 24 March 2016

Izabella Kaminska's Oil Trade Goes Sour: Shakespearean Tragedy Edition


Default, dear Brutus, is not in our stars,

But in ourselves, that we are underlings.

First rule of bidness: Know your counterparty or use a clearinghouse.

From FT Alphaville:


That time I defaulted on Bloomberg’s Tracy Alloway


Back in October, 2015, Bloomberg’s Tracy Alloway and I struck an OTC futures deal over a teeny, tiny vial of crude oil, which Tracy for some reason felt compelled to

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