Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Do you have multiple billions of dollars at stake with the broker?

If yes: he might annoy you enough with his impertinent margin demands that you go elsewhere, which makes his boss Very Unhappy.

If no: his boss has never heard of you.

Also it sounds like liquidating many of these positions would be no easy feat, when they represented 3-5 days mean trading volume in the underlying asset.



In a quote from the report it says it would have taken two weeks to a month to liquidate their positions just at Credit Suisse.


If I have multiple billions at stake, I would assume my broker would be even more demanding of responding within a time frame. Note, I'm not calling for automatic liquidation, but rather some timeframe wherein discussions must be held or else the posted collateral is seized.


The problem there is at that level you're also a significant source of money for both the company and whoever gets bonus/commission on the money you bring in so suddenly there's a lot of reason to not make you annoyed enough to take your business elsewhere.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: