roskes You mentioned something very interesting about recruitment during covid, using that context, how a trading floor (as the one portrayed in the show) is operating during covid?
Most firms seem to be doing one week on and one week off when there isn't lock down so the floor will have 50% of people allowing for social distancing. I know one large bank who had a warehouse near Basingstoke during the first lockdown to afford social distancing. One problem the traders have is the speed of their systems which if they are on a home internet connect simply isn't good enough.
Hello Alastair 👋 I haven't finished the video yet. I stopped to quickly comment on your note of vanilla being contradictory to derivatives and not being used together. Hands down I'm a puppy compared to you, you're a grizzled veteran of finance. {I attend uni in Italy so perhaps my professor was mistaken(mistranslation/misunderstanding on his part) however he strook me as a diligent guy} I remember him referencing specifically simple puts and calls as being the vanilla toppings of the derivatives world. He considered standard calls and puts to be vanilla options. 🤷
Hi JK, yes you are right the term vanilla is contextual. So a vanilla option would be a put or a call, but a butterfly or a straddle would not be considered vanilla. However, in this case Harper was talking about an overall mandate and vanilla in that context would mean a long only fund in equities or fixed income.
What did you think of Episode 5? We'd love to hear your own reactions! Comment down below
The way in which you break down everything is very good. Absolutely love your reactions and explanations on this, can't wait for part 6!
Thanks, glad to hear you're enjoying the videos - keep an eye out for next week's upload and make sure to subscribe! - Alastair
This is completely underrated content, magnificent insight and plenty of little tidbits you wouldn’t find in a valuation textbook! Cheers!
Hi Lloyd, Thank you for your kind words, glad to hear you have enjoyed this content! - Alastair
Thanks for the explaination on short and long, I hadn't got it when watched the episode. Great reviews as usual!!
Really enjoying these videos, thanks for sharing your expertise!
So entertaining videos!
Thank you!
roskes
You mentioned something very interesting about recruitment during covid, using that context, how a trading floor (as the one portrayed in the show) is operating during covid?
Most firms seem to be doing one week on and one week off when there isn't lock down so the floor will have 50% of people allowing for social distancing. I know one large bank who had a warehouse near Basingstoke during the first lockdown to afford social distancing. One problem the traders have is the speed of their systems which if they are on a home internet connect simply isn't good enough.
@@alastairmatchett6320 Wow! Thanks a lot for your thorough response. I can only imagine how complex it is now for them.
Hello Alastair 👋
I haven't finished the video yet. I stopped to quickly comment on your note of vanilla being contradictory to derivatives and not being used together.
Hands down I'm a puppy compared to you, you're a grizzled veteran of finance. {I attend uni in Italy so perhaps my professor was mistaken(mistranslation/misunderstanding on his part) however he strook me as a diligent guy} I remember him referencing specifically simple puts and calls as being the vanilla toppings of the derivatives world. He considered standard calls and puts to be vanilla options. 🤷
Hi JK, yes you are right the term vanilla is contextual. So a vanilla option would be a put or a call, but a butterfly or a straddle would not be considered vanilla. However, in this case Harper was talking about an overall mandate and vanilla in that context would mean a long only fund in equities or fixed income.
👌🏾
appreciate if the voice would be louder