Trader proves her worth by closing phenomenal deal | Industry Series 2
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- Опубліковано 5 вер 2024
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The ultimate revenge to those who call you a failure 💪
Industry gives an insider's view of the blackbox of high finance following a group of young bankers as they forge their identities within the pressure-cooker environment and sex and drug-fuelled blitz of international bank Pierpoint & Co's London office.
In this episode, a short phone call between Harper and Felim leads to potentially disastrous consequences for the Rican deal. Harper must find a way to rectify it in less than 24 hours. Meanwhile, Yasmin is given her first glimpse of Private Wealth Management at a client dinner, but a misjudgement leads to humiliation. Yasmin pursues an alternative route to impress at PWM and escape FX.
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Dafuq just happen? last time I experience something this intense is when I am ordering at a McDonald's
😂🤣
Excellent 😅
(UK accent) "Oh...we having a laugh aren't we."
😂
lmao
Best thing about this scene is Harper uses her previous experience with a mismatched FX trade in season 1 to gain information, that she then uses to her advantage. Proof that there us learning ftom your mistakes.
Pls, tell me the name of the movie
@@drpresholaIt's a series called Industry. It's available on HBO.
Whole scene is a bit unrealistic though. You wouldn’t need to raise the foreign currency before doing the trade. You do that after when you know how much you need to buy. Even if her fund is GBP, she’d buy the US asset and then go out and buy the USD to settle it when she knows what price she got.
Proof? It's a script
@@pejpmdisagree, you’d raise the dollar first. She’s trying to hedge against any risk with GBPUSD exchange rate by locking it in ahead of the trade. Problem with doing it your way is you leave yourself open to those price movements post trade. That’s naked fx exposure - you’re on the hook for buying $250m but don’t have it yet, forcing you to submit to whatever rate is in the market that day so you can book the trade. By buying it first, she eliminated that risk. Share price isn’t as relevant in this situation - she’s buying a target dollar amount of the stock ($250m), not a target share number. Not a question of “do I have enough money to buy the shares I want” it’s “how many shares will I end up with by spending $250m.” Naturally, she arrived at that investment amount by deciding a desired target price and ownership percentage of the company in the first place, so it really won’t be a surprise. You can also be imperfect and end ho buying like $254 million or something, then just book a second FX trade for the remainder like you laid out. But that incremental $4m has way less market risk attached to it than the entire $250m.
The most important takeaway of this scene is... if you're a billionaire you can make an orchestra of human puppets sweat blood and dance for their lives in order to get some crumbs of your wealth while it's another stress-free day for you at the tennis club.
Yes, exactly
That's insight
Billionaires work over 90 hour work weeks........you don't know what you're talking about
@Larry Cares you're delusional
@@TaskerFilms just not true at all
Explained: Harper (Girl who is trying to sell a trade to a client)gets info from a client (woman who wanted to buy 250 mil USD) over the phone in order to try and understand what move that client is making (she guesses that the client who is buying US dollars is going long on a US asset i.e. buying a certain stock). Harper then feeds this information to another client (guy at tennis court), who now wants to buy the same stock from the traders, since he knows someone else is about to purchase 250 million dollars worth of shares (guy at tennis court believes this will move the price of the stock up, so he wants to buy). The traders have 50 million shares of the stock on their books, and the argument they are having at the end is over the price the traders want to sell it at. Tennis player guy wants to buy at a lower price, $44 a share, but trader (Rishi, guy in white shirt) who has the stock wants to sell for $45 a share. At the end, they compromise and the tennis player guy agrees to buy 50 million shares from the traders books at $44.75 a share, AND the tennis guy wants the traders to buy an additional 25 million shares of the stock after market open at the same price. The tennis guy also says something about 25% of the ADV, (average daily trading volume), but I am not sure what this refers to.
He simply set the limit of the order volume to be no more than 20% of the average daily volume. So instead of executing the additional 25 mil buy at 44.75 in one hit (essentially showing his hand to the market), he orders the trader to work the order such that he is no more than 20% of ADV...so drip feeding into market vs coming out guns blazing. The 50 mil on the traders book would just be executed as a block trade and get crossed vs going on market.
Good job all around team, very nice
Well explained, folks. That’s how a real trading team works.🎉
@@kaimainz4475 exactly
Isn't this kinda inside trading?
This is how I negotiate with my wife when she wants me to walk the dog.
😂
Haha 😂😂
“Say less, Squire. It will be done, sir.” Idk why but that response is cool af. Lol 😆
Say less brother, Any answer beginning with say less is cool as hell
I use to say "Easy Peecy, i'll do it" 😂
That soundtrack is pure euphoria. Perfect to convey exactly how she must have felt at that moment. Electric, buzzing, full of serotonin. Well selected. Would love to know the source.
Search for "Nathan Micay"
I could feel the tension rise in my throat
I felt the same way ! Glad I saw your comment
@@cameronchandler9918 know the exact name of the track? I love this guys work but can’t find anything similar to this
@Carlos Gomes Castro shut up. This is bad marketing
This and future episodes give insight into Jesse's alpha as an investor. It's not about fundamentally understanding a business or macro trends. It's about exploiting price discrepancies and tells. It's actually a smart turn as he was initially billed as almost a fortune teller with his successes following the pandemic.
Remember Taking advantage of price discrepancies is just one of the ways investment bankers make money.. What she's actually good at is creating good relationships with the buy side
Do you think Somalia will have these kinds of business some day?
@@cashewnuttel9054 they all have this business
@@cashewnuttel9054
Yeah. An investment bank for pirates and car bombers
We like to call that arbitrage.
3:58 Actress playing Harper is great! You can really see the stress and how overwhelmed she was through that at the end, combined with the music it makes for a great scene.
she’s not a trader, she’s a salesperson. Different jobs. Great scene regardless
True
They prefer to be called Brokers
@@jasonkonet443 How about Leeches...or actually Parasites would be more accurate...These people are a dime a dozen & easily replaced. Neither her or the guy/gal that made the movie know what "Alpha" is...
@@BoomBustProfitswe still pay taxes just like you... the working class folks are in the same boat
I'd just to point out that none of what they are doing or their positions would be allowed under a communist regime.
WTF is this. This was an incredible scene. My heart is pumping! What a boss! Well acted, executed and edited.
"Tell him if he likes it so much, he can f-ing keep it." I love that part. I somehow want to say this in my next real estate negotiation/transaction.🤣🤣🤣
what did i just watch? Didnt understand didly, but i was on the edge of my seat for some tense reason
me bruh😂
Me too 😅
What great contribution to society.
😂😂😂😂😂
It is. Your cereal, apple, gold, clothes, utilities cost the same and arent volatile due to bankers and traders. otherwise, without these central markets and money constantly flowing in and out, you wouldnt live this lifestyle, from Pakistan to Saudi to USA to South Africa to UK.
@@amirh3014 Nonsense. Shortages, and current inflation will always give us some level fluctuating prices.
you have no idea
@@musashi-san____1409 really? then ask somalia, zimbabwe, hitler germany, lebanon, turkey that question if its so simple. Some are stil fcuked decades later.
Should've also kept the part when Felim calls after the open and Rishi puts him in a non-priority queue lol
I am an M&A investment banker and I have no idea what just happened but I can guarantee the public side ain't for me
This is a scene from the S&T division very dramatic and BS
@@sairajrane2886 exactly. Our trading desk is like a library . Need quiet to focus
hi im an art student. I can explain. basically. she trying to act as a market maker for the guy who called, try to secure a deal with the other guy, but he has shorts.
This is treasury global market
@@markmiranda3364 No, he is long and wants to dump his position.
Great video and some excellent tips ! This is scary time for new investors but the best thing you can do is not to make a decision based on emotions.
I'm looking for something I can venture into on a short term basis,I have$15k sitting in my savings
You're right,but a lot of people remain poor due to ignorance.
Not because of ignorance
It's because of the high rate of unprofessionalism in the crypto market
Honestly I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimony last week on CNBC news.
I'm so happy taking bold steps in working and investing$60k with Mrs Jessica chiara Russell after a 2months I received$250k to my bank account.
Amazing show! Would be great if BBC would get a well known trader to walk us through this intense trade!
hehe i knew only traders will get that when i heard about ticks
I was on a reading desk for years. I can give you a full run down hahaha it’s definitely like a foreign language. Basically stock prices and bond prices are correlated. How they are correlated depends on a wide range of factors. They (the firm) screwed up and the trader talked to the guy (on the tennis court) to be on the other side of the bet (trade) that way the firm (and the traders) could hedge (mitigate risk) on the position they opened prior. The lady the trader speaks with that gives her a “tick” means that she’s not messing around and her price is her price. So she plays her hand and tells the trader in a discreet way that she is planning to buy when the market opens (which is why the trader hangs up so quickly to try and locate inventory for her investor) she begins talking with the other trader who has an inventory of 50,000,000 or 5,000,000 bonds (not 100% clear what he meant by 50,000,000- either $ value or # of bonds) at $1000 a piece (bonds are priced in terms of $1000, so when the trader is quoting 45, he is willing to sell it at $.45 on the $ (a massive loss depending on where they bought in at) so when the guy on the tennis court says “Limit $44.75”, he is saying he is willing to buy the bonds at a maximum of $22,375,000, or 44.75% of $50,000,000, which means the firm is able to exit their position. Yes, at a loss, but the worst trades are the ones you hold too long. Better to cut losses and live to fight another day.
The explanation above is right but not for this scene. A few scenes before this one, is clear that this place PierPoint bought a block of shares for another client. They bought off $3.3Bn trade at a 3% discount. That is, as long as PierPoint can sell off this stage for $3.2Bn or more, they’ll make money.
Apparently, at start of trading the trader (Rishi) is still holding 50mm shares currently valued at $45/sh, or approx $2.5 billion position that he needs to move off his books.
The buyer (guy who was playing tennis) says he’ll buy all 50mm shares at $44.75/sh, so effectively the trader got to unload his entire $2.5Bn plus position at only a $12.5mm hit.
Presumably they’ve already sold off the other $800mm to others ($3.3Bn less what he sold at the end) - so the $100mm total fee potential on this trade (3% of $3.3Bn) was largely retained, and they only lost $12.5mm on the trade - so the firm made nearly $88mm on that trade, plus whatever commissions the desk made on facilitating the trade for the buyer(s)
@@jordanvanmeter1020what is a tick that the lady Anna gives? What does tick mean? Also what's difference between an analyst and someone in her position on the desk. Do they do same jobs?
How can one get into this industry? Is finance degree needed please
I heard they are securing contract with Nick Leason for season 3
She's not a trader.
She's on the sales desk that secures clients to invest capital with their firm.
Rishi (dark skin guy yelling) is the trader that executes the trade.
But Jesse has a hedge fund. Shouldn't he be doing this himself
Rishi is darkskinned in your eyes?🤣 you must be white to call a light skinned Indian darkskinned lmaoo
@@ishmaelm1932 Both of you are right. I am a trader and I have no idea what the relevance of what they are doing is. Now you dont even need sales desk unless its your own structured product that you are selling.
The Asian guy is the same guy from Rush Hour - The iconic Chinese villian
man I knew I had seen him somewhere before!!!!!
What I like is how quickly the buyer jumps from $25m to $75m. Matters not how rich you are, emotions nearly always get the better of you.
When you invest you're buying a day you don't have to work
@@joshnorton4918 You're right, it's obvious a lot of people remain poor due to ignorance
I'm looking for something to venture into on a short term basis, I have about $6k sitting in my savings
Obviously trading in bitcoin is very volatile and risky to trade that's the reason most traders trade with a company
Now is the best time to purchase and invest in Bitcoin stop procrastinating
I advice everyone to start investing and never rely on just salary. No billionaire made it through salary
Such a great scene!
One of the best industry parts from season 2 so far
Holyshit.. season 2 is out😲😲
Pls, what's the name of the movie
We need more seasons of this series
Season 3 has been greenlit
What the tittle of this movie
@@luarenhanson4316 Industry
only if they get ride of the unnecessary explicit scenes, cursing and drugs
@@ashraf_rpl4961 yeah, its a bit too much
I can’t believe I heard about this series on UA-cam,love it
Same!
Where can i watch it in full ,on youtube its just cut clips
@@wallstreetkid805 it’s not on UA-cam try BBC
I've been making a lot of losses trying to make profit trading. I thought trading on a demo account is just like trading the real market. Can anyone help me out or at least advise me on what to do?
I will advice you should stop trading on your own if you keep losing.
If you can, then get a professional to trade for you I think that way your assets are more secure.
I'd recommend Patricia Spears, her profit is great even when there's a dip
Wow. I'm a bit perplexed seeing her being mentioned here also. I didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been amazing.
You don't need to be shocked haha because I'm also a huge beneficiary of her
everytime i see Eric i always see the image of him playing juntao in rush hour lmao
I’m always reminded of the prick man in X-men Last Stand😂
@@Mandon97 lmao I remember, one of the most useless abilities to have
Character was actually "Sang" in Rush Hour. Juntao was the British boss man, played by Tom Wilkinson
I just rewatched Rush Hour last night and now I came across this video and had the same thought!
ngl, I never noticed him in other roles, but was blown away by his acting as well as his accent in industry
Moral of the story, be a billionnaire!
She's not a trader, she's sales.
sales trader
I can't get over this scene! Love it! The music, the acting and emotion.
Very entertaining, just business, nothing personal
She's not a trader but a sales.
That’s institutional trading they don’t use charts
No she in sales (I had the same job as sales-trader at an IB). Executes on behalf of the client and sits between the client and the banks own flow trader. Whether they use charts or not is irrelevant.
Yes, she's a multi asset class sales. She doesn't trade.
Ya, Rishi Ramdani is the trader who Harper keeps pleading for a better price
Its similar like this in IT, all of us fresh graduates trying to land that role with FAANG, deepwatch, Talos, etc.
I have no idea about every single word that came out of their mouths
The fact is that BTC symbolises the future of cryptocurrency, and traders are wondering if now is the best moment to trade, I feel you should examine the situation more closely before jumping to any conclusion. BTC's price has been fluctuating over the previous days, signaling that the market has become unstable and that is it impossible to anticipate whether it will go bearish or bullish. Others are patient, while others continue to trade with no risk. It all depends on the pattern you're trading and the source of your signal;
A lot of investors has restrained from the market because of the volatile and sudden crashed in the market.but I've learnt to understand that trading is quite different from just holding. There are short sell for bearish and long sell for bullish.
There are a lot of strategies to make tongue wetting profits especially in a down market but such sophisticated trades can only be carried out by proper market experts.
Impressive can you share more info?
Thank you for this. I'm need for proper quidance,
found his webpage and dropped some message
already..
One logical problem here is that Jessie buys almost 2,250M (2.24B) worth of stock (50M x 44.75) after hearing that Anna is buying 1/10 that amount -- "only" 250M -- i.e. his order size was so much bigger than hers.
Rishi when he gets worked up is always hilarious
that indian fella is now PM
😂
🤣🤣🤣
😂😂😂😂
😂
correct me if i'm wrong but the tennis player shouldn't have caught wind of the order for 250 Million US dollars from the other client that could artificially inflate the price of the supposed stock. The traders and sales people broke confidentiality by giving him that information and manipulated the market.
AKA INSIDE TRADING. IT'S ILLEGAL.
Like that doesn't happen on daily basis!
@@CaptainNippon no it's not, it's frontrunning, very common practice
@@charlieswift1299 Frontrunning is having insider information not publicly available on a trade. That presents an unfair advantage and it is illegal.
@@tomy4453 im sure you'll see in the next few episodes (spoilers); that what you're saying does indeed become a problem that blows up.
i can't wait till this show ends
That was amazing and now I need to go watch this show 😄😄
The music and sound design in Industry is top tier 👌👌
How is that not considered frontrunning (which is illegal)?!?
Actually, front-running is not illegal. However, the deception to get privileged information from Anna is definitely unethical.
@@MrSunrise-gm5neit is illegal.
I understand nothing, just the stress
WoW this season is so bananas & nasty! I gotta take a shower after binge watching this season 🤣
Its strange I have absolute no idea what is happening but I somehow do at the same time.........
Loved this scene and really glad to see Harper get the Win!💪🏾💪🏾
This is the purest form of Thinking fast on your feet, Where today most youngbloods don't have a clue on how execute at this level.
Brings back memories this scene when I closed my first huge swap like this
that was fast as hell
aside from the illegal frontrunnign and sharing clients names on a recorrded line - its kinda close to reality
Frontrunning is not illegal though
Wow, what brokerage firm is that? execution seems real quick and smooth. Do they accept retail traders?
Emotional efficiency: guiding you through the steps of the refund procedure
so shes a hero for saying 'ok he doesnt have 75 but hell do 50 now and 25 later for a different price' lmao
If you saw the episode, in the midst of losing the deal anchor (Fenmarsh Solutions), Harper kept persuading Jesse Bloom to do the deal. Although her peers thought it was ridiculous to persuade one of the biggest hedge fund managers in the world, Jesse eventually called her and took the block trade for Rican Healthcare
haters gonna hate
This is a great hbo show insane pressure here
Harper did all that hard work as a new comer and the company still end up firing her
"sad ending"
God I love this show so much.
Did you like the newest season ? I didn’t enjoy it as much as I did in the beginning
What is the name of the show?
@@cryptoneursIndustry. It's on hbo
@@cryptoneursIt’s called “Industry”. It’s a BBC / HBO collab I think.
@@taha7538yeah I still really enjoyed it but not as much as the first one. Certainly thought the last couple of episodes were a bit rushed.
Best scene in the series, just binged it. Season 3 is in progress but the increased use of shaky cam and quick cuts is so bad that it looks like a drunken sailor filmed it.
Hero of the situation Yas
Rishi is real interesting here haha
season 2 out? Im on it!!!
The best show that you’ve never watched.
Look at that, this guy at 00:10 was just on my screen playing the assistant US attorney prosecuting against Redington in "Red". Busy, busy, busy, ain't he??
What is the name of the show?
That compliment from Rishi made her even more emotional.
Man you REALLY FELT that !
And I’m here using RSI moving average and ADX
So, 4 min and 17 secs, it intense, alright, but i didn’t understand NOTHING
🤣
"Yaz, I know that I always say that is a matter of urgency, but this really is a matter of urgency and I'm really sorry that I'm always in such a rush with you but I really need your help, I need access to Anna NOW"
She works as a treasury sales not a trader. i used to work in a bank like her. We find buyers and sellers and take a margin.
Unlike the trading department, the sales department always profit unless the salesperson (dealer) makes a gross mistake.
Sometimes we also do it for the bank when they want to buy or sell something.
That's not trading. That's sales.
So how much did she make off that deal?
The final season of Industry, Harper will become a rogue trader and bring down the entire bank, making unauthorised trades
this show is so good
Show name
That’s how I felt when I called computershare to sell all my GameStop shares 🦍
I will forever appreciate this channel, you’ve helped me and my family a lot, your videos, advice and lessons are inspirational helpful to us,
I now earn every week. You’re such a blessing to this generation, we all love you
You’re creating a great reputation to this channel and everyone, I will love to achieve this great goal you are enjoying now
I can share some that helped me,
Plan towards it
Be minimal in spending
Save money wisely towards retirement
Save to invest, it’s proven way to get richer
There are lots of investing options ( real estate, stock , gold silver, cryptocurrency)
A lot of people are rushing into trading without the knowledge of how it works and it’s very wrong, I will advise you to trade with an expert
I know of Expert Naomi
What that actresse's name? She's pretty. This reminds me an awful lot of a show that used to be on here in Canada called Traders. It was pretty much the same idea.
Only on the BBC Eh? Now, back in the real world...
it’s on hbo too
Woke bs
I know that feeling at the end.Been there before
This fuckin' show - I'm in love, 10/10
This scene is so good!
What movie is this???
Industry
Successful people don't become that way overnight. What most people see as wealth, a great career, purpose is the result of hard work. 🤑🤑
There are millions of people working hard right now still living shitty low income lives. Hard work by itself is meaningless
I do exactly the same, but without stress and by push of a button on my phone lol.
Note: it doesn’t matter if a trader is buying $250M or $900M of a stock. Price is booked by an algorithm. If it wants to go down, it will go down.
Rishi wat a powerful character he was
Should've bought 44 and a 4 with 5 to an 8 with 44 on the back and the froint.. That's what I would have done,but I guess she did ok.
Choose your job carefully
Where to watch it
BBC IPlayer
anyone know what series this is?
Industry. Available on iPlayer
Clean yourself up. You're bleeding....... Chris Tucker "Clean yourself up, You're dead."
Wow 🤩 this looks really good
Can confirm
QUEEN!!! U get dat bag girl. Wer can i see dis documentry? Black Exelence!!
Nathan Micay soundtrack makes this
Cena legal, embora eu não tenha entendido nada kkkkkkkkkkkkk
Must say the lingo is spot on
Wtf did she even do here, everything about bargaining she is asking that guy and telling the client
I have no idea what they are chatting about
What show is this? How does it compare to Billions the American show?