I believe you can get charged with insider trading in the government and FX market. As I recall Goldman was under heavy scrutiny a few years back for trades in the UST-30 year, trading on the back on information prior to official news decimation from the US-Treasury.

His book "beat the dealer" was great, what an all time classic. Didn't realize he is involved in the business, he must be about to retire though.

Recently read that Commerzbank/Dresdner Bank plans not to honour employee guaranteed bonuses. How do they manage to get away with this without triggering technical default, cross default on CDS and company debt?

There are often tax advantages associated with CFDs depended on the entities you trade with, hence can be a way of minimizing your tax liabilities.

I havent read the book, but perhaps the author is referring to the strike accreting over the life of the instrument as you move towards maturity, put or conversion etc.

<t>Lets assume you fund in USD at Libor and the Libor curve is flat at 3% 1 year out. You borrow 1Million USD and convert the cash at the current spot FX rate to XXX currency at a rate of 50, which gives you 50Millon XXX. The XXX currency is a restricted currency and the government won’t allow you t...