<t>For the old CDS contracts (strike set at price you traded), that was mostly true unless the contract became deep in/out the money over time. If there is a large cash payment now or in the future, then you care about rates.For the new 100 or 500 bps fixed strike CDS, this becomes more of an issue ...

<t>In terms of the actual bid-ask spread:IG names, fixed strike 100: liquid names under 250 bps are 5-10bps wide, crossover/stressed names are 15-20bps. These are all quoted in running bps which are converted to pts upfront using CDSW (or other ISDA standard calculator) at the time of tradeHY names,...

you should also check out this site - will save you a lot of timehttp://www.cdsmodel.com/information/cds-model

<t>I gave in and bought the Air as well. Tired of paying $ for massages after carrying my old dinosaur laptop... The $700 price cut finally pushed me over the edge. I got the one with SSD, and will never go back to spinning hard drives. Night and day. The transfer from pc back to mac (i used to have...

Looks like FT has an update:Calyon said the trader involved – an unnamed American man – had been sacked, adding that disciplinary action was also being taken against other members of staff.It was understood that six Calyon employees were likely to be disciplined over the affair.

<t>Multiple traders, multiple positions:Calyon, the investment banking arm of Crédit Agricole, cautioned that its third-quarter results would be hit by a €250 million (£174 million) charge after rogue traders in New York built up a huge unauthorised credit position. Most of the unauthorized trading ...

anyone have any further color on the 250mm euro trading loss by 6 traders on the ny prop desk?stories only say "Most of the unauthorized trading position was in diversified U.S. credit market indexes"any ideas of who the 6 brian hunter wannabees are and what positions they had on?

Interactive Brokers is pretty good for home useEdgeTrade is better if you have the reliable network connections (like at work)I think Forbes or Fortune magazine does a complete online broker review (for both stock & options) every year that is pretty good

the one the most people on the desk kicked around - TASR

Well - you want to make sure your model works. If there's no correlation, then you have nothing to work with (or you're missing factors in your model)

Which exotic options are you asking about? There are very different standard market conventions in equity vs credit vs interest rate

<t>Markit will rarely show the actual recovery market traded levels. It used to be everything sr unsec was 40 except for F/GM.now you really have to ask for the recovery level at the same time as the spread level if the credit is extremely volatile or trades over 500.i did some personal "surveys" on...

There's also a 35-100 tranche. Most will have a ref index quote for deltas.For example, mid quotes for index ref of 96.250-10 85%10-15 59.5%15-25 89525-35 19535-100 44

yes

the answer to your question is yes & yes. you essentially step in to the existing contract