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[Last Days America] Here We Go Again: Black Friday October 24th 2008 Heralds the ...: The Libor-OIS spread, a gauge of cash availability that measures the difference between the three-month rate and the overnight indexed swap rate, widened 8 basis points to 262 basis points, the British Bankers’ Association said.
[Across the Curve] Opening Comments October 24 2008: The yield on the benchmark 2 year note has plummeted 20 basis points to 1.41 percent. The yield on the 5 year note has dropped 15 basis points to 2.48 percent.
[Peter The Flying Unicorn] Basic Trading Strategies and Assumptions (share): Checkout LTCM's Royal Dutch vs Shell and nowadays Volkswagen ordinary sharesvs Volkswagen preferred shares and Volkswagen ordinary shares vsPorsche ordinary shares. Spread hugely widened and many hedge fundsbust.
[0 to IPO in 7 Years] TU#77 6OCT2008; going once ”¦ going twice ”¦: I dodged a bit of a bullet today as well. I was looking at a bid/ask on HAD at around $42.82-$43-something. It trades very thinly, but because the spread was fairly narrow I figured OK there’s a bid, no problem, here’s my market order. I absolutely could not believe it when I got filled at $33.01. When I called to ask about it, my brokerage firm kept on insisting no, it was a bona-fide trade - despite the fact that the low continued to show as $42.28 throughout the day. I had to call them three times to bitch about it before finally at the end of the day I noticed somebody had changed the fill. They gave me the posted low of the day $42.28. I’m pretty sure they just ate the trade rather than bust it. (Busting a trade is where the exchange cancels a trade if they agree there’s been a violation of the trading rules.) The problem with electronic trading platforms is that in thin markets you could very well get nailed like this if you are not careful. In a fast market (quotes and spreads are lagging the trading) or on a thin (illiquid) stock/ETF, it’s much safer to enter a limit order at the bid price if you are selling or the ask price if you are buying. This way you can’t do worse than the limit if someone yanks the visible bid or offer away.
[Robert's space] A PRIMER ON STRUCTURED FINANCE: CDOs”) led to the narrowing of mezzanine spreads in the CDO market, leveraged super-senior tranches with marked-to-market
[ganthur's blog] Warez World: Then Napster went supernova and propelled those very issues onto the front pages, out into the mainstream, and onto the agendas of the EU and the US senate. Now hard and tight laws are being rapidly introduced to block file-swapping technologies such as Napster, Gnutella, Freenet and others and allow copyright owners to protect their books, music and software on the Internet with heavy duty encryption.
[linuxspace Your linux and unix community] LONG [News Digest] Mark Kent Linux News Digest for the ...: Wide spread | acceptance and encouragement from the user community has established SCALE as | a premiere Linux/Open Source conference in the | Southern California region. `---- http://scale7x.socallinuxexpo.org/s7x_cfp ...
[Zach Browne Corporation] Great Web 2.0 Site List: Real Estate Search - Empowering Real Estate Consumers, Agents and Brokers A residential real estate search engine that helps consumers search for homes for sale, trends, neighborhood insights and other real estate information directly from hundreds of thousands of real estate broker Web sites. You can create your own custom search by price, number of bedrooms, neighborhood and more - without having to submit a lead form, provide personal information or wait to get contacted by a lead qualifier who may not handle the property listing.
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