The Spread – This Is How We Do It – 8/24

Spencer Doar

Spencer Doar

Associate Editor

It’s not often that “The Spread” highlights music in the industry (the exception being the DJ activities of Goldman Sachs’ incoming CEO), so today is a treat. Apparently some BNP traders responsible for trying to rig ISDAfix to benefit derivatives positions like to make song references in their messaging. 

The following are links to the stories (and songs) referenced in this week’s episode: 

  • Bloomberg – Citing Salt-N-Pepa, BNP Traders Tried to Rig Benchmark Rate
  • YouTube – Salt-N-Pepa’s “Push It”
  • YouTube – Montell Jordan’s “This Is How We Do It”
  • eFinancialCareers – Yet another big-name equity derivatives MD changes seats
  • eFinancialCareers – Barclays inexplicably parted company with its U.S. head of equity trading
  • ThinkAdvisor – FINRA, Exchanges Set New CAT Schedule After Missing Deadline
  • Bloomberg – One-Way Volatility Bets Seen as ‘Fool’s Errand’ by 6,000% Winner
  • Business Insider Prime – Cboe is telling market makers it is close to launching ether futures
  • WSJ – New ‘Speed Bump’ Planned for U.S. Stock Market

 

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