Traders' Roundtable

Banks don't borrow from the Fed Funds window. They borrow from correspondents or overnight repo's.


There is no "fed funds window" - and the interest rate charged by the correspondents and repos is pretty much directly determined by the target rate set by the Fed and enforced through open market ...

How about incorporating some of the SPAN algorithims into the margin calculations? Would this be at all feasible or appropriate?

It's an addiction. Anyone else been in the middle of a party or other social event and suddenly had an idea occur to them and be unable to think of anything except "Gotta test that!" - and then get home at 1:00 am and spend 2 more hours testing it?

Just me? Ok...

It's not software you guys are ...

http://www.newyorker.com/critics/books/articles/051205crbo_books1

An excerpt:

"The experts’ trouble in Tetlock’s study is exactly the trouble that all human beings have: we fall in love with our hunches, and we really, really hate to be wrong. Tetlock describes an experiment that he witnessed ...

This happen to me today - TBB generated an order to sell Coffee at 95.83 and it opened below that, so the broker kicked it back. (a negative entry offset on the turtle system was to blame) But since it kept me out of the market while it rose 1.1, I can't say I'm too upset. :)

I may be showing my ...