<t>Hi,Can someone please give me a bsaic introduction to what bumps and turns mean in the context of a yield curve..and secondly what exactly something like this means "1y1y 3s6s basis is 4bps"is this the diff between the 1y1y fwd swap versus 3m and the 1y1y fwd swap versus 6m..which one would be hi...

anyone know what qright and qleft is?

yes, but any suggestions on going about getting recommendations from work? its difficult, cos ofcourse saying i want to do a masters would mean getting fired eventually..i could still get recommendations after that..but what if i dont get into the schools?

any suggestions on how to apply for good masters programs, expecially in the US, having worked in trading for about 2 years..? main problem being getting recommendations..eventhough most can be from undergrad professors, i would say at least one would be need from work right?

thanks northern john.. thats probably what i'll do..also i enjoy trading..but still want to do a masters degree in another country..first thing is..how do i go about it..can i even consider the possibility of getting a recommendation or two for university applications from work!..thanks

thanks..i guess vol of vol is pretty easy..what i really have no clue about is qright and qleft..

ok is it wise..to just send them my cv..

can someone pls. explain what exactly vol of vol is..and what qright and qleft is?thanks

are there products like fra options..like swaptions?

<t>i'm currently just fnishing my first full year in derivatives trading..having joined as an undergrad..i'm happy with the position and role..but would like to know if i should initiate some kind of contact with headhunters..so that i can be open to better opportunities elsewhere..i do know that by...

hey,has anyone been to the final round, for an interview with refco trading ...any help would be hugely appreciated..thanks

can someone please explain what exactly is the main difference between local volatility and implied volatility, and where dupires equation fits in?

<t>Hi, I have chosen to do a project at undegrad level on the heston stochastic volatility model. my degree is math, so dont know too much on this area yet. can someone give me an idea of how i can simulate scenarios for the heston model..(im using MATLAB).. should i feed in some parameters and calc...